Hey crypto enthusiasts! đ
- **Surge in digital lending:** Lending platforms are booming. Ledn reported a $1.65 billion increase in loans compared to last year. In Q3 2024, they processed $437 million in digital asset loans, up 14% from the previous quarter.
- **Tether and commodity traders:** Tether is considering lending to commodity trading firms, after posting record profits of $5.2 billion in the first half of 2024.
- **Grayscale and new products:** Grayscale added 35 altcoins, including Dogecoin and Worldcoin, to its list of potential investment products.
- **Ripple and its stablecoin RLUSD:** Ripple announced exchange partners for its new stablecoin, Ripple USD, seeking to establish a gold standard for enterprise stablecoins.
- **Stablecoin remittance services in Thailand:** Siam Commercial Bank will offer stablecoin remittance services, reducing transaction costs and allowing 24/7 transfers.
What do you think about these developments? Leave us your comments!
