According to USDC’s product lead, more fiat-pegged stablecoins are needed to enable easy access to FX.
The project, which has offered loans to African businesses, sees bad UX as a major hurdle to crypto adoption and sees its passkey demo as the solution.
Cheng Cheng, COO and co-founder of DeFi lending platform Jia, believes that support from big financial institutions will help scale DeFi loans in Africa.
Marks’ experience working on expanding financial access in emerging markets enables Jia to support small businesses in Africa.
The platform has now gone live in Kenya and the Philippines, with sights set on West Africa, Latin America and Asia.
Blockchain analytics firm Chainalyis has published a study that provides insights into crypto crime activities.
The blockchain network, designed to host decentralized solutions for financial inclusion, is piloting a DeFi loan program for smallholder farmers in Kenya.