“We believe in the growth potential of DeFi," said Steve Chaouki, President of U.S. Markets and Consumer Interactive at TransUnion, in a statement. "Providing credit and identity data on-chain is a huge step towards improving the financial products available in the space." Source link … [Read more...] about TransUnion to Allow Crypto Lenders to Check Credit Reports
Credit
Decentralized Credit Protocol Goldfinch Raises $11M in Series A Funding
In launching the protocol in December, Sall and co-founder and CTO Blake West, who met at the University of Pennsylvania and worked together at Coinbase, were looking to make crypto borrowing more accessible, particularly to individuals and businesses in developing countries with fewer tangible assets to address typical collateral requirements. “The real promise is providing … [Read more...] about Decentralized Credit Protocol Goldfinch Raises $11M in Series A Funding
A16z Leads Additional $25M Round for DeFi Credit Protocol Goldfinch
Goldfinch has grown its outstanding loan volume from $250,000 a year ago to over $38 million. The protocol is serving over 200,000 borrowers in 18 countries. Goldfinch capital is being used for a wide range of uses, including motorcycle taxis in Kenya and small businesses in Brazil. Source link … [Read more...] about A16z Leads Additional $25M Round for DeFi Credit Protocol Goldfinch
Fitch Says Improved Regulation Could Moderate Stablecoin Credit Risks
Increased regulatory certainty regarding the status of stablecoin and their issuers may create market opportunities, as regulatory risks have deterred financial institutions from engaging in the space, Fitch Ratings said in a report published on Tuesday. Source link … [Read more...] about Fitch Says Improved Regulation Could Moderate Stablecoin Credit Risks
Federal Regulator Says Credit Unions Can Partner With Crypto Providers
“This includes facilitating member relationships with third parties that allow FICU members to buy, sell, and hold various uninsured digital assets with the third-party provider outside of the FICU,” the statement from the NCUA read. The NCUA is a federal U.S. regulator that oversees credit unions, acting as a counterpart to the Office of the Comptroller of the Currency (OCC), … [Read more...] about Federal Regulator Says Credit Unions Can Partner With Crypto Providers