Odaily Planet Daily reports that Bitcoin financial products platform Lombard Finance has launched the Bitcoin Onchain Credit Strategy, with global trading firm Flow Traders as its first pilot partner. Under the scheme, Flow Traders can borrow stablecoins for market-making without providing onchain collateral, with its collateral backing provided by Bitcoin deposited into Lombard Bitcoin Earn yield products, and underwritten via the Cap private credit platform. (The Block)
Flow Traders Pilots Lombard Bitcoin Credit Scheme to Fund Stablecoin with BTC
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Summary
Bitcoin news emerged as Flow Traders joined Lombard Finance’s on-chain credit program. The initiative enables Flow to borrow stablecoins for market-making, secured by Bitcoin held in Lombard’s yield product. The transaction is underwritten through Cap’s private credit platform. Bitcoin market news highlights this as a new funding model for traders, requiring no on-chain collateral.
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