Mike Cagney đēđ¸
@mcagney
@Figure (FIGR) executive chair, @TheWallet_co employee. Co-founder of Figure, @Provenancefdn, @SoFi and TheWallet_co. Views are my own, not investment advice.
184 Following 24.6K Followers
Big news re: @Figure's $YLDS - it is now accepted collateral on @markets_edx. We appreciate the EDX team's leadership here.
I think more exchanges will follow suit. Traders sacrifice a lot in taking the cash drag from posting non-yielding stables as collateral.
The reason this has taken longer than we expected is that we didn't account for the fact that the other large stablecoin issuers pay the exchanges to take their coins as collateral. YLDS pays you, the trader. I think EDX as a first mover will open up this market more broadly to the benefit of all traders.
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