JUP price surges as Jupiter allocates $150M USDC to JLP Loans
Jupiter price was up by nearly double digits in 24 hours as it reached $0.67. Gains came as Jupiter allocated $150 million USDC to its lending offering. “JLP Loans bring…
Coinbase introduces USD Coin (USDC) loans using Bitcoin as collateral
Coinbase has introduced USDC loans with Bitcoin as collateral. The loans are available for US customers. The loans have no fixed repayment and they auto-adjust based on the activities on…
Bitget debuts in lending with the launch of ‘Crypto Loans’
Bitget launched its native “Crypto Loans” product on Tuesday. Digital lending is expected to advance at a CAGR of 20.5%. Singapore and Thailand have recently banned crypto lending. Bitget –…
Collateral: DeFi, Loans, and the Pivot to Crypto Nativity
What is Collateral in Crypto? Collateral is security for a debt – an asset that secures a loan to protect the borrower's interests. With the advent of DeFi, which removes…
Real World Assets in Crypto: Bringing Real-World Loans On-Chain
Key Takeaways Decentralized finance (DeFi) yields have dried up, inching closer to traditional finance (TradFi) yields. Increased tokenization of real world assets, including...
Bankrupt BlockFi plans to sell $160M Bitcoin mining hardware loans
BlockFi filed for Chapter 11 bankruptcy in November 2022 citing exposure to the just collapsed FTX. The plan to sell off the loans backed by Bitcoin mining machines is part…
Tether pledges to stop issuing secured loans from its reserves
Tether on Tuesday addressed the FUD around secured loans. The secured loans held in Tether’s reserves are overcollateralized and covered by extremely liquid assets. It also revealed plans to stop…