Kamino Finance Ups PYUSD Borrowing Limits

Quick Summary:

Kamino Finance has increased the global borrowing cap for PayPal’s stablecoin, PYUSD to $20 million.

This expansion allows users to borrow PYUSD by using any collateral asset they hold on the platform.

Notably, the PYUSD borrow rate remains consistent, even at a utilization rate of 80%.

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Article Details

Author / Journalist: Coin Edition

Category: Crypto

Markets: India

Topics: Solana (SOL) News Stablecoin Market News Market

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-29 @ 11:20:00 (3 days ago)

News Timezone: GMT +0:00

News Source URL: coinedition.com

Language: English

Article Length: 154 words

Reading Time: 1 minutes read

Sentences: 52 lines

Sentence Length: 3 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinedition

News ID: 22296282

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About Coinedition

Main Topics: Crypto

Official Website: coinedition.com

Update Frequency: 4 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 13 hours ago

Coverage Areas: India

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #124

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