According to Odaily, Bitcoin Suisse has announced the issuance of a digital bond through the Obligate platform. The purpose of this bond is to provide funding for its digital asset lending solutions and over-collateralized bonds. The issuance, supported by Circle, was settled in USDC for atomic settlements.
The digital bond issued by Bitcoin Suisse through the Obligate platform is a significant development in the digital asset lending space. It is aimed at providing the necessary funding for its solutions and over-collateralized bonds. This move is expected to enhance the efficiency and effectiveness of Bitcoin Suisse's operations in the digital asset lending sector.
The issuance was carried out with the support of Circle, a leading player in the digital currency industry. The settlement was done using USDC, a stablecoin pegged to the US dollar, for atomic settlements. This method of settlement is known for its speed and security, making it a preferred choice for such transactions.
This development is a clear indication of the growing acceptance and use of digital assets in the financial sector. It also underscores the potential of digital bonds as a viable funding option for companies operating in the digital asset space.