Bullish provides USD.AI $100M stablecoin facility for GPU-backed lending
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Silicon Valley Bank: Bitcoin lending is entering a new institutional era
PANews reported on June 30th, citing CoinDesk, that Silicon Valley Bank released a report stating that Bitcoin lending has entered a new institutional era after the 2022 crypto credit crisis, characterized by stronger risk control, increased institutional participation, and declining lending costs. Bitcoin is being viewed as a collateral asset with instant global liquidity, fast settlement, and fungibility. Currently, several major US banks offer Bitcoin-backed lending services, with total crypto-secured loans growing 49% year-on-year to $67 billion. Bitcoin lending platform Ledn estimates the current consumer BTC mortgage market is approximately $3 billion, potentially expanding to $1 trillion over the next decade. The report points out that the collapses of Celsius, BlockFi, and Genesis in 2022-2023 exposed issues such as maturity mismatch and excessive leverage, making conservative underwriting and transparent risk management fundamental to the industry.
Anchorage Digital adds institutional access to Frgmnt’s fUSD stablecoin
The US federally chartered crypto bank will allow institutional clients to hold, mint, redeem and stake Frgmnt’s fUSD stablecoin through its custody platform.
Visa Taps Onchain Lending to Finance Stablecoin Card Programs
The payment processor giant is pairing payment settlement data with blockchain lending tools to help fintechs and stablecoin-linked card programs access working capital.
FalconX, Ethena bring USDe backing assets into $1B institutional credit facility
The $1 billion facility will deploy assets backing USDe into overcollateralized institutional loans, expanding Ethena’s sources of returns beyond crypto basis strategies.
Nvidia provides financing support for GPU procurement and takes a percentage of its cloud computing revenue.
Nvidia reportedly provides financing support for GPU procurement and takes a percentage of its cloud computing revenue. (Cailian Press)
Ripple plans to introduce an institutional-grade lending protocol on XRPL, allowing financing using tokenized assets as collateral.
According to ChainCatcher, Ripple is pushing to add a new layer of lending infrastructure on top of the XRP Ledger (XRPL), enabling institutions to raise funds using on-chain tokenized assets as collateral. The protocol will automatically execute loan terms, while credit assessment and lending decisions will still be completed off-chain. The proposal, named the XRPL Lending Protocol (corresponding to the XLS-65 and XLS-66 standards), is currently in the draft stage and requires validator approval before being launched on the mainnet. However, it is already open for developer testing on the test network. The protocol design splits the lending process into two parts: on-chain mechanisms for pool management, interest calculation, repayment execution, and default handling; while borrower credit assessment and loan term setting remain with traditional financial institutions to adapt to compliance requirements in different jurisdictions. Ripple stated that this mechanism primarily targets short-term liquidity needs of institutions, such as in cross-border payment scenarios, where temporary financing using stablecoins or collateralized assets can be obtained before settlement, improving capital efficiency. Analysts believe that this solution attempts to introduce a "rule-based lending infrastructure" similar to traditional finance while maintaining the open network attributes of XRPL. However, it still faces competition from mature on-chain lending protocols such as Aave, Compound, and Maple.