Lock BTC, Get DAI: Lending Firm Br Oct 29, 2019 at 13:00 UTCю Lock BTC, Get DAI: Lending Firm Br

Lock BTC, Get DAI: Lending Firm Br Oct 29, 2019 at 13:00 UTCю Lock BTC, Get DAI: Lending Firm Br

Leigh Cuen

Lock BTC, Get DAI: Lending Firm Br

Canadian startup Ledn, that offers fiat that is bitcoin-backed, now offers dollar-pegged DAI loans, linking bitcoin users with ethereum’s decentralized finance (DeFi) ecosystem.

Ledn co-founder Mauricio Di Bartolomeo, an expat that is venezuelan told CoinDesk this brand new partnership with stablecoin promoter MakerDAO had been driven by customer need.

Away from “thousands” of users, over fifty percent of Ledn’s users are in Latin America, Di Bartolomeo stated, where ethereum-backed DAI is increasingly regarded as an alternative solution to strictly regulated buck transfers. (daha&helliip;)

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