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Cryptocurrency News Articles
MoonwellDeFi Enters Into a Data Partnership with Token Terminal
Sep 18, 2024 at 05:05 pm
MoonwellDeFi, one of the fastest-growing lending platforms on the Base and Optimism networks, continues to make significant strides in the DeFi space.
MoonwellDeFi, a lending platform on the Base and Optimism networks, has raised about $20 million in venture capital from crypto-native funds and has a core team of contributors with experience at Coinbase.
With over $140 million in user deposits, Moonwell has highlighted the need for reliable, data-driven reporting for its stakeholders and is focusing on transparency and continuous updates.
Moonwell recently activated a market for EURC, a euro-backed stablecoin from Circle, and is the first lending app on Base to support it. EURC is compliant with the Markets in Crypto-Assets (MiCA) regulations.
This integration allows the Moonwell community to lend and borrow EURC, expanding the platform’s offerings and bringing euro-denominated stablecoin lending to its user base.
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