📢 The latest #Gluwa newsletter just dropped! 📰
This week we cover…
🏦 CeFi Banks in disarray
🪙 The spillover impact on #crypto
🧮 Some important numbers crunched
🗞️ Join Gluwa’s newsletter community here 👇
https://t.co/BFwYSJ3517
1/ Following the confirmation at the end of today that the wires initiated on Thursday to remove balances were not yet processed, $3.3 billion of the ~$40 billion of USDC reserves remain at SVB.
1) Hey all: I have a few announcements to make.
Things have come full circle, and https://t.co/DWPOotRHcX’s first, and last, investors are the same: we have come to an agreement on a strategic transaction with Binance for https://t.co/DWPOotRHcX (pending DD etc.).
What does $CTC do?
$CTC is a utility token used to register and complete loans, as well as reward miners for securing the network. ⛏️
$CTC will be used as a governance token.🧑⚖️
$CTC holders will be able to ‘stake’ their transaction capacity to other users to use for a fee.
How does Creditcoin solve the problem?
Creditcoin is designed to improve market information.
By using a public blockchain, Creditcoin facilitates low-cost loan history verification, reduces data siloes, and increases trust for all parties in the global economy. 🤝