Brazil’s Largest Private Bank, Itaú, Selected by Central Bank to Develop a DeFi Liquidity Pool
The Banco Central do Brasil chose seven other projects as part of the Financial and Technological Innovation and Technology Laboratory. Source
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Liquidity
Algorithmic Stablecoin USDN Falls From Dollar Peg as Liquidity Slumps
Algorithmic stablecoin USDN, which is designed to mimic the value of the U.S. Dollar, has fallen to $0.91. Source
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BendDAO’s NFT-Collateralized Crypto Loan Platform Suffers a Bank Run, Prompting a Move to Avoid Another Liquidity Crisis
BendDAO – from a distance – looks like an old-school bank: Some customers deposit money into the decentralized finance (DeFi) platform, which loans the money out, giving depositors a cut of the interest payments. Those loans are backed by collateral but with a crypto-quirk: that collateral is pictures of monkeys,
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Canadian Bank Regulator Details Crypto Liquidity, Backing Rules
"The scope of this advisory is limited to the capital and liquidity treatment of a FRFI’s exposures to crypto assets. The advisory does not address other issues, including whether a FRFI is permitted under the Bank Act, Insurance Companies Act or Trust and Loan Companies Act to issue any particular
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HUSD Stablecoin Returns to $1 Peg After Liquidity Problems
The HUSD stablecoin, which is issued by Stable Universal, has returned to its $1 peg after suffering "liquidity problems" in relation to a closed market maker account. Source
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Ripple Unveils Crypto On-Demand Liquidity Service in Brazil
Ripple is teaming up with the digital bank Travelex to introduce the product, which will initially allow transactions between Brazil and Mexico. Original Source
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Lido Finance Partners With KyberSwap Elastic to Enhance Liquidity on Polygon With Over $120,000 in Liquidity Mining Rewards – Sponsored Bitcoin News
sponsored Singapore — August 17th – Lido Finance, a giant in the Ethereum staking world, will be enhancing liquidity on Polygon with KyberSwap Elastic. Lido Finance is the largest platform for liquid staking services on Ethereum. Powering DeFi and CeFi applications alike with their technology, Lido Finance empowers stakers to put
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How Blockchain Technology Unlocks Liquidity for Real-World Assets
Blockchain stands at the forefront of disruptive technologies. Its transparency, security, and cost-efficiency have benefited many industries like supply chain and payments in taking the next quantum leap. However, there has been minimal traction in the $360 Trillions1 Real-World Assets (RWA) market including intellectual property, commodities, and other assets. The marketplaces for
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Maple, a DeFi Platform for Institutional Lending, Unveils New $30M Liquidity Pool
The Maven 11 pool will provide loans to crypto market makers, or large firms that provide enough money to exchanges to stabilize trading. Borrowers for the pool include Wintermute, Bastian, Flow Traders, Nibbio and Folkvang. In return, the lenders will receive yield from the market makers. Original Source
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Crypto lending platform Hodlnaut suspends services due to liquidity crisis
Blaming market conditions and lack of liquidity, Singapore-based crypto lending platform Hodlnaut has become the latest firm to suspend withdrawals and deposits.The crypto lending firm made an official announcement on Monday, claiming that market conditions have forced it to suspend its services and that it is actively working on recovery
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