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Kamino launches USDC loans backed by Backpack tokenised stocks

NewsFeeds update

DeFi lending protocol Kamino has launched USDC loans collateralised by Backpack tokenised stocks, with borrowers able to draw up to 40% of the collateral's value. Outside US trading hours the market holds the last stock price, so collateral is valued at the last traded price.

StablecoinsChainCatcherAIBullish

Read the original on ChainCatcher

The story so far: Backpack tokenised shares on Solana

Sunrise added tokenised Meta shares issued by Backpack Securities to Solana, each backed 1:1 by real shares in custody, and Backpack's AAPL token became tradable on Solana via Sunrise. Kamino launched Backpack Market offering loans backed by tokenised US-listed equities on Solana. Kamino now offers USDC loans…

  1. Sunrise brings Backpack's tokenised Meta shares to Solana

    Sunrise, a Solana-based liquidity protocol, has added tokenised Meta shares issued by Backpack Securities to the Solana ecosystem. Each token is backed 1:1 by real shares held in a custody account, giving holders rights including dividends.

    AltcoinsChainCatcherAIBullish

  2. Solana says Backpack Securities' AAPL token is tradable on its network via Sunrise

    Solana says AAPL, issued by Backpack Securities, can now be traded on the Solana network through Sunrise.

    AltcoinsCoinNessAIBullish

  3. Kamino launches Backpack Market for loans backed by tokenised stocks

    Kamino has launched Backpack Market with Backpack Securities, extending loans backed by tokenised equities on Solana and bringing tokenised US-listed stocks into on-chain credit markets. Kamino says the assets are backed one-to-one and redeemable.

    AltcoinsCoinNessAIBullish

  4. Kamino launches USDC loans backed by Backpack tokenised stocks

    DeFi lending protocol Kamino has launched USDC loans collateralised by Backpack tokenised stocks, with borrowers able to draw up to 40% of the collateral's value. Outside US trading hours the market holds the last stock price, so collateral is valued at the last traded price.

    StablecoinsChainCatcherAIBullish

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  2. Ledger opens BTC-backed stablecoin loans to all eligible wallet users

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  3. Ethena Pay deposits approach $10m, Tom Wan says

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Every Stablecoins update on NewsFeeds

Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Updates are joined into one story by AI; our editors can change a story’s name or take an update out. Not investment advice.