How Celsius Turned Its Crypto ICO Into a Billion-Dollar Lending Business
Lending startup Celsius went from a $50 million token sale to $1 billion in crypto deposits.
A new platform backed by Guangdong province aims to streamline the process for commercial banks to lend funds to small businesses with more detailed and reliable profiles provided by its blockchain network.
For the first time this year, BTC-denominated loans now represent less than 60 percent of Genesis' portfolio.
The growth in crypto lending platforms is giving birth to a new type of valuation metric: interest rates.
Ledn is partnering with MakerDAO to bring the ethereum-backed stablecoin DAI to more users in Latin America.
The service, which goes live on Sept. 30, loans BTC, ETH XRP and USDT at a 0.04% daily interest rate.