What are the alternatives to USD LIBOR-BBA in the cryptocurrency industry?
Crynadge KunakaJul 31, 2024 · a year ago3 answers
In the cryptocurrency industry, what are the alternative benchmark rates to USD LIBOR-BBA?
3 answers
- IgniteApr 11, 2024 · a year agoOne 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.
- Arif HidayatJan 12, 2022 · 3 years agoAnother 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.
- Merritt HillFeb 01, 2024 · a year agoBYDFi, 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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