“There’s a huge focus on derivatives,” said Elwood CEO James Stickland in an interview. “It’s a great way for tier one banks to get involved in a synthetic nature without having to hold the underlying. Actually, there are huge margins and spreads to be made in the derivatives space, and the traders that are coming from those institutional houses are very used to that asset class, so they can deploy similar strategies.”
OpenDelta Raises $2.5M to Build Bitcoin-Based Stablecoin Using Runes
OpenDelta’s flagship token, USDO, will retain its dollar value by hedging bitcoin (BTC) deposited by users as collateral. The token...