A new $400 million capital deployment initiative has been announced, aimed at providing relief and stabilization in the cryptocurrency market. The initiative is divided into two main components. Firstly, $300 million in USDC will be distributed to eligible users who experienced significant liquidation losses in futures and margin trading during the recent market downturn. This distribution is intended as tangible relief for affected traders.
Additionally, a $100 million low-interest loan fund has been established to assist institutional and ecosystem partners facing liquidity challenges. This fund aims to stabilize key players within the crypto ecosystem, ensuring continued market functionality and support for strategic partners.
$400M Capital Deployment Announced for Market Relief and Stabilization
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