“Not only are we an investor and a builder, we also wanted to adopt these types of disruptive technology to use, especially to use inside a bank,” said Panich in an interview. “We think Compound has created a regulated instrument that’s very easy to understand: U.S. dollar in, U.S. dollar out with a fixed 4% interest rate, so institutions don’t have to worry about how to interact with crypto.”
Related posts
-
US government wages full-out assault against non-custodial defi
Disclosure: The views and opinions expressed here belong solely to the author and do not represent... -
Yield App Suspends Operations Ahead of Liquidation
Yield App, a platform for earning interest, buying, and... -
Central Bank of Bolivia Unbans Bitcoin From the Nation’s Financial Ecosystem
The Central Bank of Bolivia has lifted a blanket ban on using bitcoin and other cryptocurrencies...