SAB 121 and how Gary Gensler, the lead henchman of Elizabeth Warren’s anti-crypto army, is turning the SEC into a merit regulator and using an obscure accounting rule to prevent major banks from touching crypto in the United States…
Great piece by @rwa_xyz on the move of Treasuries on chain in various forms. The crypto-bank barrier got less porous which has prompted on-chain solutions to be invented to serve hodlers of stablecoins - DAOs, startups, funds, HNW.
Expect this trend to continue
Digital banks and fintechs have higher NPS than legacy. It’s a tailwind to further unbundling away from megabanks, and most certainly regionals. With tokenized money and deposits this will only accelerate.
Maple Cash Management now covers 90% of stablecoins!
Adding USDT gives better access for APAC web3 startups and trading firms looking to lend stables with daily redemptions.
Join Maple's Q2 Community Call on Thursday 📆
@syrupsid@joe_defi and @0xcharlotte_ will cover:
- Q2 Commercial and Product Updates with a spotlight on the Cash Management Pool
- Deep Dive into the new DAO Governance Process
- Look ahead to Q3
- Q&A
https://t.co/30qRvP1rfq
Join us later today on the #RWAbrief where @Katieevans251 will discuss on-chain lending and borrowing of real world assets with @syrupsid co-founder and CEO of @maplefinance.
Listen here: https://t.co/1Tvx3MVzNF
Don't forget to join us tomorrow at 8am ET / 1pm BST / 2pm CET where @Katieevans251 will be chatting to @syrupsid about lending and borrowing on #DeFi: do we really need it and what are the drawbacks and opportunities of decentralizing this area of financial services?
10/ DeFi (Cont.)
@maplefinance has expanded its product suite to include direct lending. Maple Direct will be able to underwrite and issue loans to #Web3 companies starting in July. The loans will be in USDC and USDT, with BTC, ETH, and staked ETH as eligible collateral.
Thank you to @Nino_gramsci21 for the great thread!
Particularly this callout - web3 needs to build its own solution!
"Crypto clearly needs an internal debt market that doesn't rely entirely on TradFi, and
@maplefinance, using crypto rails, will bring a lot of transparency"