CandleFocus Colombian Bank Littio and OpenTrade Launch USD Accounts on Avalanche
2024-10-10
Author: Content Editor
Colombian neobank Littio has partnered with OpenTrade to offer interest-bearing USD accounts to local customers on the Avalanche blockchain. Littio aims to resolve currency devaluation issues in Latin America, and through OpenTrade's yield storage facilities, it can provide savings options with yields backed by U.S. Treasury bills. The partnership enables Littio to utilize a secure and scalable infrastructure to offer financial products on the Avalanche blockchain, meeting the growing demand for stable investment opportunities in the region. Littio's mobile app tackles the limited access to dollar savings accounts in Latin America, allowing users to convert their local currency into USDC and utilize the funds for transactions or store them in Yield Pots.
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