TLDR:
– Wirex, a leading Web3 money app, has announced the integration of Liquity’s LUSD and LQTY tokens into its platform.
– Liquity is a decentralized borrowing protocol that allows users to access interest-free loans by using Ether as collateral.
Wirex has announced a strategic integration with Liquity, a decentralized borrowing protocol, to expand its selection of supported cryptocurrencies. The integration will allow Wirex users to seamlessly engage in buying, selling, and utilizing Liquity’s LUSD and LQTY tokens for everyday transactions with over 50 million merchants in more than 200 countries through the Wirex app. Liquity enables users to access interest-free loans by leveraging Ether as collateral, with the loans issued in LUSD, a stablecoin pegged to the USD and backed by ETH. The protocol has achieved a significant milestone of 1,000 days since the deployment of its smart contracts on the Ethereum mainnet, issuing over $4.7 billion in loans with a TVL of $700 million. The integration with Wirex will provide users with enhanced utility and a seamless experience in using Liquity tokens for day-to-day transactions.
