LITFINANCIAL INTRODUCES STABLECOIN ON ETHEREUM TO STREAMLINE MORTGAGE LENDING
https://s.yimg.com/ny/api/res/1.2/gjsKMeXZxQucEsLSyiA62g--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD02NzY-/https://media.zenfs.com/en/coindesk_75/7bd01b55637681ffaa2ec0daba032691
✍️ Michigan-based mortgage lender LitFinancial has launched its US dollar stablecoin, litUSD, on the Ethereum blockchain, aiming to reduce funding costs and improve treasury management.
👉 LitFinancial has launched its US dollar stablecoin, litUSD, on the Ethereum blockchain 👉 The stablecoin is backed 1:1 with cash and cash equivalents held in reserve 👉 The firm plans to use the token to reduce funding costs and improve treasury management operations 👉 LitFinancial is exploring on-chain settlement of mortgage payments 👉 The stablecoin could allow loan performance to be tracked publicly, potentially reshaping liquidity in the secondary mortgage market
-- #TimBarry #DonaldTrump #PatrickCollison #technology
Loading quoted post…
