Arch Lending Eyes Tokenized Stock as Loan Collateral

Arch Lending Eyes Tokenized Stock as Loan Collateral

Crypto lender Arch Lending plans to expand into loans backed by tokenized equity as the market for onchain stocks expands and lenders begin exploring new uses for assets as collateral. Arch co-founder and chief revenue officer Himanshu Sahay told Cointelegraph’s Chain Reaction podcast that the lender plans to enter the market “very soon,” pointing to … Read more

Circle launches BTC-backed USDC lending

Circle launches BTC-backed USDC lending

Stablecoin issuer Circle has launched a bitcoin-backed borrowing service for institutional clients, allowing eligible Circle Mint customers to use BTC as collateral to borrow USDC via the onchain transaction market. D serviceCalled Digital Asset-Backed Borrowing, it allows customers to deposit Bitcoin, Mint Circle’s wrapped Bitcoin token ServiTC, and offer it as collateral in third-party loan … Read more