Stellar (XLM) Challenges Banks With Low-Cost Interbank Deal
Photo: Crypto Economy
Fintech firm Ascend Markets and the M1X Global platform successfully completed the first regulated short-term secured lending (repo) transaction on the Stellar (XLM) blockchain. The operation utilized tokenized United States Treasury bonds (USDM1) as collateral against the USDC stablecoin, completely bypassing centralized banking clearing intermediaries. This initiative is significant because it operated continuously for 72 ... Read more
Source: Crypto Economy
