Systemic | Crypto

Interconnections between centralized and decentralized crypto lending are heightening systemic risk, Galaxy Digital’s research arm said in a June 4 report on first-quarter borrowing data. The report estimated that as of March 31, over $39 billion in crypto-collateralized debt was outstanding across decentralized lending apps, centralized lenders, and crypto-backed stablecoin issuers. DeFi protocols accounted for […] The post Systemic risk on the rise as leverage interdependencies tighten between CeFi, DeFi and crypto treasuries appeared first on CryptoSlate.