Crypto shops are betting on lending amid the market downturn with yield products that boast modest annual returns – by the industry’s lofty standards, at least – on their clients’ dollars
By contrast, the new yield products generate their returns through “rational” rails, said Matt Hougan, chief investment officer for Bitwise, which is rolling out a “USD Income Fund” that loans investors’ dollars to counterparties like Coinbase and Gemini in the chase for 4% to 8% yields.
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