Compound Treasury, a cash management solution for institutions powered by the Compound Protocol, announced on Sept.14 that accredited institutions can now borrow USD or USDC with fixed rates starting from 6% APR, using Bitcoin, Ethereum, and supported ERC-20 assets as collateral.
Starting today, to meet the growing demand for liquidity, institutions can now borrow from Compound Treasury, using digital assets as collateral.https://t.co/xgDIep18Qa
— Compound Labs (@compoundfinance) September 14, 2022
The Defi-backed company whose notable clients include crypto companies, fintech institutions, and banks, shared that the decision was made in response to recent market volatility, which has created a more robust demand for liquidity.
Reid Cuming, VP of Compound Treasury said, “Compound Treasury can now address demand for liquidity with simple, reliable borrowing solution, while continuing to provide the