2d ago
This has so many benefits to AVALANCHE $AVAX
✅ This would lead to Increased Liquidity with the Yen 💴 denominated assets thereby attracting Asian users and boosting the overall TVL with stable and other regulated options beyond USD stables.
✅ DeFi Expansion
It would enable yen lending, borrowing and trading on platforms like Aave or Trader Joe thereby creating new liquidity pools and reducing trade and forex risks.
✅ There would be Institutional Appeal
Partnerships with SMBC and others highlight AVAX's role in RWA tokenization, this woould draw banks and other enterprise in to its scalable subnets.
✅ Massive 🔺doption in Asia
This will position Avalanche @avax as the hub for Japan's web3 growth, with low fees and high speed ideal for retail payments via integrations like Nudge Card.
✅ Cross-Chain Utility
The EVM compatibility and bridges enhances compatibility thereby making JPYC seamless for multi chain apps and global yen liquidity.
@nobsfud @ExcelBaller @coopernicus01
#AVAX #DeFi #Liquidity
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