Pareto launches synthetic dollar backed by private credit

By: the crypto news wire|2025/05/15 19:15:05
0
Share
copy
“Ultimately, the goal is not to replicate TradFi’s weaknesses, but to reimagine private credit with the transparency and efficiency of DeFi,” a Pareto spokesperson said. Private credit marketplace Pareto has introduced a new synthetic dollar aimed at linking institutional investors with decentralized finance (DeFi) opportunities — a move that highlights the expanding role of stablecoins in global finance. The newly launched USP synthetic dollar is fully backed by real-world private credit, Pareto told Cointelegraph on May 15. To mint USP, users must deposit stablecoins such as USDC ( USDC ) and USDt ( USDT ), which are then held as collateral. “USP is backed 1:1 by the stablecoins used during the minting process,” Pareto co-founder Matteo Pandolfi told Cointelegraph in a written statement. Read more

You may also like

Popular coins

Latest Crypto News

Read more