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RegulationSource: Crypto Economy ·

Stellar (XLM) Challenges Banks With Low-Cost Interbank Deal

Fintech firm Ascend Markets and the M1X Global platform successfully completed the first regulated short-term secured lending (repo) transaction on the Stellar (XLM) blockchain. The operation utilized tokenized United States Treasury bonds (USDM1) as collateral against the USDC stablecoin, completely bypassing centralized banking clearing intermediaries.…

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