On-chain credit platform Huma has been deployed to Celo
On-chain credit platform Huma has announced its deployment to Celo. The team stated that with the deployment, Huma will introduce Jia, a cross-border payment liquidity platform, to Celo, providing on-chain loans for small businesses in emerging markets such as Kenya and the Philippines. It is reported that the platform provides over $10 million in on-chain loans every month. Prior to this, the real-world asset (RWA) market Untangled Finance deployed on Celo on October 10th after raising $13.5 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Prediction Market Shows 75% Chance of New Country Buying Bitcoin This Year
Frax community approves frxUSD stablecoin backed by BlackRock's BUIDL
According to RWA.xyz, BlackRock's USD Institutional Digital Liquidity Fund has over $648 million in assets under management. The Frax community has voted to pass FIP-418 to use BlackRock's USD Institutional Digital Liquidity Fund (BUIDL) as backing collateral for the Frax-USD (frxUSD) stablecoin. A