When the Venezuela was experiencing hyperineflation, LEDN co-founder Maurisio Di Bartolomo had a hedge to shorten the local currency and shorten it in favor of a more stable US dollar. Today, he is using a similar strategy – this time borrowing against his bitcoin (BTC) To save us to collapse the dollar.
Di Bartolomo was associated with me during the Canada Crypto week at Toronto, where he spoke about the benefits of bitcoin-supported loans and rapid development of collateral BTC borrowings. In our interview, he created a compelling case to pile up the set, even the price of bitcoin has increased.
This week’s Crypto Biz dives in our conversation with LEDN co-founder and covered the latest commercial news from Blockchain World.
A lesson from hyperflation
Before bitcoin, de bartolomo Most successful investment Hyperineflationary was shortening the bolivar with the US dollar, referring to her experience in Venezuela during 2010.
He said, “I was borrowing bolivar and buying dollars with them, holding hard dollars and borrowing (status) on weak currency,” he said.
He then established LEDN, a company that allows bitcoin investors to reach the dollar liquidity without bid farewell.
By borrowing against bitcoin, “You are basically doing the same thing, but you are going to have hard money, which is bitcoin, and taking borrowings on the dollar, which is a weak currency,” he said.
Many bitcoins have found it as a winning strategy. According to Galaxy Research, by the end of Q4, LEDN’s debt book value was priced at $ 9.9 billion.
Guatemala’s largest bank integrates “invisible” crypto infrastructure
Gwatemala’s largest bank, Banko Industrial, is Integrated crypto infrastructure In its mobile banking app, enables users to get the US dollar more easily.
Sukupe said that this integration is the first time when a major Latin American retail bank has used a crypto-root protocol for its payment services.
Banko Industrial has more than 1,600 service places in Guatemala and has also expanded in neighboring countries.
“The key to adopting blockchain technology is making it invisible to the final-user,” Sukupayi CEO Yonathan Lyakik told CoinTelgraph.
With the technique of Sukupai, Banco Industrial App Users can get dollars from the US for a flat fee of $ 0.99, which is currently paid at the current 6% to 10% less, Lapac said.
Bankers are nervous about Stabecrims, NYU Professor’s claims
America’s banking lobby sees Yield-bearing stabelin as a danger According to NYU professor Austin Campbell, for his business model, which depends on the deposit, paying minimum interest to the depositors and using those funds for high -risk investments.
In the May 21 social media posts, Campbell claimed that he had heard of “panic” on new stabecines offering interest payments of holders and other monetary awards.
He told the Democratic MPs that “banks want you to protect their cartel so that they can spoil your voters.”
However, Campbell did not mention any stabelcoin assets by the name, Cointelegraph told in February The Securities and Exchange Commission approved the country’s first produce-bear stabechoin security by Figure Markets. At the time of its launch, YLDS Stablecoin offered a yield of 3.85%.
PI protocols and spark protocols have also developed interest-bearing tokens.
Strategy continues to stack sets
With bitcoin above $ 100,000, Michael Siler’s business intelligence firm is a strategy Started its purchase again Last week for approximately $ 765 million by acquiring 7,390 BTC.
The total bitcoin of the latest purchase strategy brings up to 576,230 BTC, which has an untruth benefit of about $ 20 billion.
This announcement was made exactly two days before bitcoin reached a high level of all time, Climbing above $ 109,000 For the first time after January. Like other risk assets, bitcoin has benefited from better investor spirit after suspension of tariff enmity between the United States and China.
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