Representations of cryptocurrency Bitcoin are seen in this illustration, August 10, 2022. REUTERS/Dado Ruvic/Illustration
NEW YORK: Aave, a peer-to-peer crypto lender, is jumping into the increasingly crowded stablecoin industry.
Aave’s lending platform cuts out traditional intermediaries like banks and operates on blockchains, including ethereum, where it sets interest rates based on supply and demand.
