Wall Street’s $359 billion-a-day repo market has found a use for blockchain
Wall Street has found a use for blockchain that involves neither memecoins nor replacing the banking system. It's now helping institutions borrow billions between breakfast and lunch, usually because they have government bonds but not enough cash when a payment comes due. Getting a bill paid on time might be the technology's least glamorous selling… Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox
Key Takeaways
- Wall Street has found a use for blockchain that involves neither memecoins nor replacing the banking system.
- It's now helping institutions borrow billions between breakfast and lunch, usually because they have government bonds but not enough cash when a payment comes due.
- Getting a bill paid on time might be the technology's least glamorous selling… Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next.
Summary generated by IndiCrypto from CryptoSlate. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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