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LatAm Bank Littio Ditches Ethereum for Avalanche as Demand for RWA Vaults Grows

Author: Content Editor
Colombian neobank Littio is allowing customers to access U.S. Treasury bills through crypto products. Littio is switching from Ethereum to Avalanche to scale its Yield Pots products, which enable users to earn interest on their U.S. dollar deposits. The switch to Avalanche is driven by growing demand for the Yield Pots, with the low transaction fees and consistency of Avalanche cited as reasons for the change. Littio's partnership with OpenTrade allows users to gain exposure to Yield Pots using stablecoins and real-world assets like U.S. Treasury bills. The Yield Pots have already achieved $80 million in trading volume since their launch in February. The product's appeal is driven by factors such as the depreciation of Latin American currencies against the U.S. dollar and limited access to traditional banking services.

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