MoneySwitch
MoneySwitch Protocol | Launching soon | Earn yield by lending Stablecoins to Cross Border Payment Providers |
| Cross Border Finance | International remittances | DeFi |
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What does the protocol do?International/cross-border payments exceed $150 trillion annually.
Cross Border Payment providers such as Western Union require liquidity to operate.
Using DeFi, MoneySwitch connects such cross-border payment providers with lenders to instantaneously provide the right liquidity at the right place, at the right time. This saves significant opportunity costs of locked-up capital for payment providers.
MoneySwitch connects retail lenders to the multi-trillion dollar cross-border payments industry, which was previously accessible to only big banks and FIs
What stage is the project in?The project is still in its early stages. They have already closed a pre-seed led by Decentralized, FRAX, DeeMoney & PIF VC at a $35 mn valuation.
Airdrops are live on Twitter and Discord. The project has already existing partnerships for providing liquidity and the loan demand, therefore it starts generating interest from day 1.
Blockchain - Ethereum
Governance Token - MoneySwitch Token (MST)
Token Type - Deflationary
Supporting Crypto Assets - FRAX, USDT, USDC
Topic: MoneySwitch Protocol | Launching soon | Earn yield by lending Stablecoins (Read 16 times)