Lock BTC, Get DAI: Lending Firm Br
Canadian startup Ledn, that offers bitcoin-backed fiat loans, now offers dollar-pegged DAI loans, linking bitcoin users with ethereum’s decentralized finance (DeFi) ecosystem.
Ledn co-founder Mauricio Di Bartolomeo, A venezuelan expat, told CoinDesk this brand new partnership with stablecoin promoter MakerDAO had been driven by client need.
Away from “thousands” of users, over fifty percent of Ledn’s users are in Latin America, Di Bartolomeo stated, where ethereum-backed DAI is increasingly regarded as an alternative solution to dollar that is strictly regulated. (more…)