Binance-Backed Swipe Partners with Kava to Foster USDX DeFi Ecosystem
btcmanager.com
The deal that will see the processor help grow the USDX DeFi ecosystem ahead of their planned move to the Binance Smart Chain where they will offer decentralized finance (DeFi) services. They also announced plans of releasing a DeFi lending and earning dApp on the Binance Smart Chain where several assets including BTC, BNB, ETH, SXP, and stable coins like BUSD and TUSD will be listed as supporting collateral.
Since BNB holders can stake their assets in Kava’s CDPs for the highest yields and draw USDX, integrating the stable coin in Swipe strengthens its position as a reliable cross-chain coin. Besides, the crypto-processor plans to add USDX to its money market pool that will soon launch in the Binance Smart Chain.
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