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Crypto-focused enterprise payment platform Tribal Credit has concluded a $40 million debt offering that was funded through fiat and stablecoins — giving the company additional capital to expand its business services in Latin America. The so-called hybrid debt round was financed by Partners for Growth, a California-based investment firm, and Stellar
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Increased regulatory certainty regarding the status of stablecoin and their issuers may create market opportunities, as regulatory risks have deterred financial institutions from engaging in the space, Fitch Ratings said in a report published on Tuesday. Source
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“This includes facilitating member relationships with third parties that allow FICU members to buy, sell, and hold various uninsured digital assets with the third-party provider outside of the FICU,” the statement from the NCUA read. The NCUA is a federal U.S. regulator that oversees credit unions, acting as a counterpart
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Enterprise payment platform Tribal Credit has partnered with Latin American crypto exchange Bitso and the Stellar Development Foundation to create a new cross-border payment service for businesses, opening the door to broader use cases for blockchain technology in the region.The new service, which is geared towards small- and medium-sized enterprises,
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On Monday, the mining firm Griid Infrastructure announced the company has secured a $525 million credit facility from the crypto firm Blockchain.com. According to the announcement, the credit facility will be a four-year term in order to increase the company’s mining capacity. Bitcoin Mining Infrastructure Firm to Increase Capacity With Help
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Mining infrastructure firm GRIID has secured a $525 million credit facility from the cryptocurrency exchange and wallet provider Blockchain.com.Cincinnati, Ohio-based GRIID said the four-year term credit facility will be used to bring on additional mining capacity, taking advantage of over 1,300 megawatts of available power from existing energy generation partners.In
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Digital Currency Group (DCG), the crypto investment company whose holdings include asset manager Grayscale, crypto lender Genesis and independent news outlet CryptoX, said it raised $600 million in a new credit facility, marking its first entry into the debt capital markets. Source
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World leaders at the COP26 climate summit this month promised to end deforestation by 2030. But significant challenges to achieving the goal remain to be overcome. The Cambridge Centre for Carbon Credits, based at the University of Cambridge, this week launched with the goal to build a decentralized marketplace of
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In an announcement Friday morning, the University of Cambridge announced it would be building a novel decentralized carbon credit marketplace to support global reforestation efforts. Its ultimate goal would be to increase the adoption of nature-based conservation solutions, or NbS, such as reforestation, through financial instruments. The institution envisions that
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