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Colombian Neobank Littio Leverages OpenTrade to Launch RWA-Backed USDC Yield Product on Avalanche

Twitter icon  •  Published 1 month ago  •  Hassan Maishera

On Wednesday, the Avalanche Foundation announced via a blog post that Littio is using OpenTrade's real-world asset (RWA)-backed yield vaults via the Avalanche network.

On Wednesday, the Avalanche Foundation announced via a blog post that Littio is using OpenTrade's real-world asset (RWA)-backed yield vaults via the Avalanche network. Littio is a Colombian Neobank focused on solving the currency devaluation problem for Latin Americans through various dollar-based product offerings.

Through OpenTrade, Littio offers customers yield-bearing savings Pots with returns backed by U.S. Treasury Bills. OpenTrade's RWA yield vaults allow Littio to operate its product offering on the Avalanche network. Thanks to this integration, users can access OpenTrade’s USDC/EURC Yield Pots directly through the Littio app.

Avalanche is an open-source platform for launching Decentralized Finance (DeFi) applications and enterprise blockchain deployments in an interoperable, highly scalable ecosystem.AVAX is down 1.5% today and trades at $26.1 per coin.

 

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.