Clearpool and Banxa launch first credit vault product on Avalanche

Decentralized credit marketplace Clearpool announced that it has successfully expanded its business on the Avalanche blockchain platform and partnered with publicly listed global fintech infrastructure provider Banxa to launch the first innovative product backed by real world assets (RWA) - —Credit Treasury. Banxa will initially borrow up to $5 million in USDC through the credit vault, providing lenders with a 7-day repayment period and additional AVAX token rewards, aiming to provide more stable on-chain borrowers such as financial technology and payment companies. interest rates and stronger liquidity. Clearpool has provided more than $480 million in borrowing since March 2022 to more than 20 institutions, including Wintermute, Jane Street and others.