Compound Treasury allows institutions to use digital assets as collateral for USD or USDC loans.

Compound Treasury, an institutional cash management solution powered by Compound Protocol. announceAs of Sept. 14, accredited institutions can borrow USD or USDC with fixed rates starting at 6% APR, using Bitcoin, Ethereum, and supported ERC-20 assets as collateral.

The company’s well-established clients include crypto firms, fintech institutions and banks, revealing that the decision was made in response to recent market volatility, which has created stronger demand for liquidity.

Reid Cuming, vice president of Compound Treasury, said, “Compound Treasury meets liquidity needs with a simple and reliable lending solution.”

in an official statement The company has announced that customer borrowing will remain flexible, with “open terms” and “no repayment schedule” as long as participating customers maintain collateral for the loan above the loan value.

Compound Treasury and Compound Protocol currently have more than $3 billion in assets and more than $285 billion in total transaction volume since the company started operations.

refer : LINK
picture LINK

The post Compound Treasury allows institutions to use digital assets as collateral for loans in USD or USDC appeared first on Bitcoin Addict.


source site