What are the alternatives to USD LIBOR-BBA in the cryptocurrency industry?

3 answers

• May 03, 2022 · 3 years ago
  One alternative benchmark rate to USD LIBOR-BBA in the cryptocurrency industry is the Crypto Reference Rate (CRR). The CRR is a rate that is calculated based on the prices of various cryptocurrencies on different exchanges. It provides a more transparent and decentralized benchmark for the cryptocurrency market. This rate can be used as a reference for pricing loans, derivatives, and other financial instruments in the cryptocurrency industry.
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• May 03, 2022 · 3 years ago
  Another alternative to USD LIBOR-BBA in the cryptocurrency industry is the Binance USD (BUSD) lending rate. Binance, one of the largest cryptocurrency exchanges, offers a lending program where users can lend their BUSD and earn interest. The interest rate for lending BUSD is determined by supply and demand on the platform, providing an alternative benchmark rate for borrowing and lending in the cryptocurrency industry.
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• May 03, 2022 · 3 years ago
  BYDFi, a decentralized finance platform, also offers an alternative benchmark rate to USD LIBOR-BBA in the cryptocurrency industry. BYDFi calculates its benchmark rate based on the interest rates of various lending protocols and decentralized exchanges. This rate can be used as a reference for borrowing and lending in the cryptocurrency industry, providing users with an alternative to traditional benchmark rates.
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