.BanxaOfficial will be the sole borrower of AtlendisLabs’ new 2 million $USDT liquidity pool using the credit line to cover short-term liquidity needs. sndr_krisztian reports
The upgrade allows borrowers the option for early repayment before maturity or to roll over a part of the outstanding credit, introduces compliance options for pools to be permissionless or permissioned through know-your customer checks and increases due diligence on borrowers.
Known as a popular on- and off-ramp service between fiat money and cryptocurrencies, Banxa will open a stablecoin credit pool of $2 million of Tether’s . The firm will be the single borrower of the pool and will use the credit line to support its liquidity needs of growing daily transaction volumes.
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