Circle Gets $25M From DCG to Drive USDC Mainstream
USDC backer Circle is teaming with Genesis Trading in a $25 million deal aimed at pushing the stablecoin to the fintech masses.
ETH loans now make up 27% of Genesis’ loan book, as hedge funds get more comfortable with DeFi.
Genesis is cutting bitcoin deposit rates effective Thursday, following BlockFi's reduction last week.
Signs point to a new avenue of growth for crypto-backed lending.
Genesis Trading saw the share of bitcoin in its loan portfolio drop, mainly due to demand for liquidity mining on DeFi protocols.
Genesis’ crypto lending arm came back strong in 2Q after a rocky 1Q. Separately, executives acknowledged the firm makes some uncollateralized loans.