USBC elevated a Bitcoin-backed mortgage to $18 million in late July. That created a price-dependent danger: the firm may have to add collateral or repay debt inside 24 hours. Using the submitting’s July 31 inputs, the disclosed 130% name ratio equates to an illustrative Bitcoin price close to $48,852. The firm is creating a tokenized-deposit…
On July 22, SEC Commissioner Hester Peirce warned that some crypto vaults and onchain lending methods could fall below federal securities legal guidelines. According to her, the regulatory danger will depend on how the merchandise are structured and who controls the funding choices. Crypto vaults pool buyer property into onchain methods that generate yield by…
TL;DR XLS-65 (Single Asset Vaults) and XLS-66 (Lending Protocol) amendments are formally open for voting on the mainnet, with consensus at the moment at 20% (7 of 35 validators). Requires 80% consensus for 14 days to activate. The key caveat: Emphasize that credit score approval and underwriting stay off-chain; the native on-ledger protocol solely manages…
The South Korea Financial Services Commission (FSC) has applied complete pointers capping crypto lending curiosity at 20% yearly whereas fully banning leverage companies that exceed collateral worth. According to a local report, the brand new self-regulatory framework takes impact instantly following considerations over investor harm from overheated exchange competition. The Financial Services Commission introduced the…
San Francisco-based crypto lender Divine Research is extending thousands of unsecured loans to borrowers across the globe, verified not through traditional IDs but with a scan of their eyes. The startup says it has issued around 30,000 short-term loans since December, the Financial Times reported Sunday. To identify borrowers, it uses World ID, the iris-scanning…