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Flow Traders is piloting the Lombard Bitcoin credit lending program to facilitate stablecoin financing backed by BTC.
Svmuu News Bitcoin Financial products platform Lombard Finance has announced the launch of the Bitcoin On-chain Credit Strategy (Bitcoin), with global trading firm Flow Traders serving as its first pilot partner.Under the program, Flow Traders can borrow stablecoins for market-making without providing on-chain collateral. The collateral is backed by “Bitcoin” deposited into Lombard’s Bitcoin Earn yield product and underwritten through the Cap private credit platform. (The Block)
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