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Kucoin and Alloyx Launch a Real World Assets Collateral Pilot Program with the Ryt Token - Crypto Economy Esp
Summary by Crypto Economy
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Key Points of the News Collateral Pilot: KuCoin and AlloyX are testing the RYT token as collateral within KuCoin Off-Exchange Settlement, allowing token holders to apply for lines of credit to trade while continuing to earn the underlying token performance. Back-up structure: RYT is linked to ChinaAMC USD Digital Money Market Fund, with subscriptions and refunds in token form, and Standard Chartered Bank in Hong Kong providing custody.
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