Imagine a cash-starved manufacturer in Toledo, Ohio, that has a good idea for a product. It could go to its banker for financing, but instead it turns to DeFi. In a jiffy, it tokenizes a bunch of receivables onto a blockchain and lodges them as collateral on a decentralized lending platform in return for U.S. dollar stablecoins. A few moments later, it swaps these dollars for Euro stablecoins using a decentralized exchange, sending them to its French supplier to purchase inventory.
Related posts
-
DeFi Protocol Ethena (USDE) Plans to Airdrop Governance Token Next on April 2
Ethena’s USDe token, often referred to as “synthetic dollar,” offers steady yields to investors by using... -
Hashdex Bitcoin ETF (DEFI) Completes Conversion
The Hashdex conversion comes over two months after the original ten spot bitcoin ETFs started trading... -
Hopes for Another DeFi Summer Soar as TradFi Markets Suddenly Look Less Appealing
CryptoX – Cryptocurrency Analysis and News Portal Since the approval of spot bitcoin ETFs in January,...