The company’s holdings, which include bitcoin and ether, have been managed through trading and hedging strategies since 2017.
Crypto Exchange Ripio Reveals $100M Crypto Treasury, Second Largest in Latin America
The company's holdings, which include bitcoin and ether, have been managed through trading and hedging strategies since 2017.
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The London-based company is among a growing number of fintech firms leaning into faster, crypto-native payment systems.
The tech giant reportedly also hired a vice president of product with crypto experience to help with the stablecoin efforts.
The new protocol will channel USDS stablecoin reserves into Solana-based lending markets and real-world asset strategies.
The feature lets Coinbase users earn yield on USDC deposits while powering the platform’s crypto-backed loan market.