-
Justin Sun Shockingly Removes $726M BTC Collateral from USDD Stablecoin
Justin Sun Removes bitcoin Collateral from USDD Stablecoin, Increasing TRX Backing The recent decision to remove 12,000 bitcoin, totaling around $726 million, from the USDD stablecoin’s collateral has sparked discussions within the cryptocurrency community. The move, which shifts the stablecoin’s backing primarily to TRX, the native token of the Tron blockchain, has raised concerns among…
-
How Ledn Secured a Monumental $50 Million Loan with Bitcoin as Collateral
In the rapidly evolving digital economy, the intersection of traditional banking practices with the burgeoning world of cryptocurrencies represents a remarkable milestone. A notable development in this area has been the issuance of a bitcoin-backed loan by digital asset banking group, Sygnum, to crypto lender Ledn. This $50 million loan is heralded as the first…
-
Celsius Demands $3.5B from Tether After Shocking Bitcoin Collateral Fire Sale
In the evolving landscape of digital assets and their underpinnings, the topic of collateralization comes to the forefront, particularly when major entities like Tether are involved. Tether, a name synonymous with the concept of stablecoins in the cryptocurrency domain, has recently been spotlighted for its practices relating to collateral. This discussion segues into an essential…
-
Discover the Surprising Ways Bitcoin Collateral Boosts All in Finance
In the vast expanse of finance, a realm that has been sculpted and refined by myriad moral principles over millennia, the practices of borrowing and lending have undergone profound transformations. Tracing the lineage of these financial practices reveals a rich tapestry interwoven with the ethical tenets of early Islamic, Judaic, and Hindu traditions. These ancient…