Tokenized gold is moving deeper into crypto lending markets. Digital asset lender Ledn has added Tether Gold, or XAU₮, as collateral for …
loans
-
-
Vietnam’s Ministry of Finance has proposed allowing small and medium-sized enterprises to use digital assets, virtual assets and intellectual property as collateral …
-
DeFi
Aave is bank-sized, but $2.9T in corporate loans reveals the risk DeFi still can’t price
by shayaanby shayaanUS commercial and industrial lending reached $2.89 trillion at commercial banks for the week ending May 13, up roughly $183 billion year-to-date …
-
Ledn, a leading company in cryptocurrency-backed lending, projects that the market for bitcoin-collateralized loans could climb to $1 trillion within the next …
-
DeFi
Blockchain.com crypto-backed loans go live worldwide with rates from 1.9%
by shayaanby shayaanBlockchain.com crypto-backed loans are now live globally, giving digital asset holders a way to borrow without selling their coins. The new product …
-
Regulation
JPMorgan Chase, Citi and Wells Fargo Lose $5,606,000,000 to Bad Loans in Just Three Months
by shayaanby shayaanThree of America’s largest banks are writing off a combined $5.6 billion in bad loans in the first quarter as US credit …
-
The recent launch of a groundbreaking crypto-backed mortgage product has been (rather expectedly) lambasted by economist and financial commentator Peter Schiff. He …
-
DeFi
Coinbase’s Crypto-Backed Loans Notch Record Liquidations Amid Bitcoin, Ethereum Plunge
by shayaanby shayaanCoinbase customers are experiencing pain in new ways as Bitcoin and Ethereum tumble, with losses piling up for thousands of users through …
-
Markets
Russia’s largest bank, Sberbank, prepares to issue crypto-backed loans
by shayaanby shayaanRussia’s biggest bank said it plans to offer loans secured by cryptocurrency following a pilot deal with a mining firm, with legislation …
-
Finance
Real Estate Firm Propy Is Rolling Out Crypto-Backed Loans to Buy Houses
by shayaanby shayaanWhat if you could put up your bitcoin (BTC) or ether (ETH) as collateral to buy a house? That’s essentially the idea …