Lending platforms are seeing a significant increase in loans processed this year. Ledn, a decentralized lending and savings service provider, saw a $1.65 billion increase compared to the same period last year. In the third quarter of 2024, the company processed more than $437 million in digital asset loans to institutions, a 14% increase from the previous quarter. This growth is part of more institutions exploring digital asset-backed loans amid tighter monetary policies and intense competition for access to dollar funds.
Tether is considering lending to commodity trading companies. Grayscale has added to its list of 35 potential crypto products, including DOGE and Worldcoin. Ripple has announced exchange partners for its RLUSD stablecoin. Thailandâs oldest bank, SCB, is launching stablecoin remittance services.
What do you think about these developments? We welcome your comments.
