The Creditcoin Foundation plans to create a better financial future based on the Open Finance Ecosystem’s core values of openness, transparency, and accessibility for all.
The Creditcoin Foundation will collaborate with Arkadiko to integrate their unique USDA stablecoin, which is native to the Stacks protocol, into the OpenFi Ecosystem.
By integrating USDA, the Creditcoin Foundation is enabling new OpenFi liquidity pools for emerging-market capital rise, while also providing Stacks investors with unprecedented access to real-world credit investment opportunities in Africa and beyond, all with the goal of increasing financial inclusion.
Through the merger with Arkadiko, the Creditcoin ecosystem is linked to Stacks on a financial level. Users of Creditcoin may also utilise the USDA to make loans by supporting Arkadiko at the protocol level.
Arkadiko is a non-custodial, decentralised liquidity protocol based on the Stacks blockchain that allows Bitcoin smart contracts to be executed. Users may use their assets as collateral to produce the USDA stablecoin. Depositors may get additional liquidity in the form of a soft-pegged US Dollar stablecoin while maintaining their original asset exposure.
A self-repaying loan is produced by utilising the PoX (Proof of Transfer) yield from a USDA-minted STX-collateralized vault. Arkadiko increases its capital efficiency by enabling the STX and xBTC assets to be employed in a collateralized loan position. The USDA is presently accepted in all major DeFi protocols on Stacks.
