Ledn said the shift is part of its broader strategy to simplify its product and sharpen its focus around bitcoin.
"You shouldn’t have to sell the best-performing asset in human history to access cash. Now you don't have to," founder Jack Mallers wrote.
Total crypto lending is still down 43% from its 2021 peak, but decentralized platforms have seen a significant growth, Galaxy reported.
APX received exemptive relief from the Canadian Securities Administrators (CSA) at the start of this month.
TCY tokens will be distributed at a rate of 1 TCY per dollar of defaulted debt, turning lenders and savers into equity holders.
The Aave community has pushed back against the proposal, questioning whether it addresses the core risks.
Safenet aims to be a layer connecting existing blockchains and allow users to interact with any chain through a single account.
Bankrupt and now defunct BlockFi has entered into a settlement agreeing to the license revocation and to cease unsafe practices.
As traditional investment products face declining yields, savvy asset managers must consider emerging opportunities within the cryptocurrency space to meet growing client demand.
Ledn’s groundbreaking $50 million Bitcoin-backed loan, syndicated by Sygnum, is set to transform retail lending and institutional crypto finance.
The platform witnessed a 29.8% jump in retail lending between the first and second quarters.