Tokenized Brazilian Credit Card Debt Yields 13% via BlackOpal
A new initiative is using the Plume Network to tokenize Brazilian credit card receivables through BlackOpal's GemStone platform. This development allows merchants immediate access to cash while offering investors a 13% yield on the tokenized debt. The initiative involves tokenizing credit card debt, a move that could provide new opportunities within the digital asset space. The development aims to provide liquidity for merchants and potentially attractive returns for investors in the DeFi sector.
Never miss a Web3 update
Join our Telegram channel to receive news in real-time, straight to your phone.