News
by BSCN
February 26, 2025
The new banking solution integrates Circle’s EURC stablecoin and OpenTrade’s yield solutions on the Avalanche blockchain, ensuring low fees, fast transactions, and easy access to high-yield savings.
Colombian fintech Littio launched EURO IBAN accounts offering 6% annual yields, leveraging Circle’s EURC stablecoin and OpenTrade’s RWA-backed yield solutions on the Avalanche blockchain. The announcement, made in London on February 25, 2025, marks a significant step in providing borderless, high-yield banking options for Latin Americans and Europeans.
The product combines blockchain technology with stablecoin infrastructure to deliver accessible, cost-effective, and secure financial services to regions historically underserved by traditional banks.
Avalanche continues to unlock worldwide access to financial opportunities 🔺@littioco is expanding its product suite with a new EURO account and savings option powered by @circle’s EURC and @opentrade’s RWA-backed stablecoin yield platform on Avalanche. https://t.co/ezrpOLrE1u
— Avalanche🔺 (@avax) February 25, 2025
Littio’s EURO IBAN accounts aim to solve a pressing issue in Latin America: currency devaluation and limited access to savings products in stable currencies. The platform reportedly allows users to:
Unlike traditional banks, Littio’s offering is borderless, fast, and transparent, leveraging blockchain infrastructure to provide accessible financial services to anyone with a smartphone.
The EURO IBAN accounts are powered by Circle’s EURC stablecoin and OpenTrade’s Yield Pots, built on the Avalanche blockchain.
Circle’s EURC stablecoin is a euro-backed digital asset designed to maintain a 1:1 peg with the euro. By tokenizing euros, Littio offers users:
OpenTrade provides real-world asset (RWA)-backed yield products through its blockchain-based platform. Littio users can deposit EURC into Yield Pots, which generate returns by investing in:
These yield vaults have processed over $80 million in transactions, unlocking nearly $250,000 in returns in the past four months.
Latin America faces high inflation, volatile local currencies, and limited access to global financial products. According to Chainalysis, the region accounted for 9.1% of global crypto value between July 2021 and June 2022, reaching $562 billion in transaction volume.
Approximately 70% of Latin America’s population remains unbanked due to:
Littio’s offering addresses these challenges by providing:
Zero minimum balance accounts
Instant account creation
Transparent, on-chain transactions
High-yield savings options
Moreover, Littio’s aims to offer provides a solution for:
The fintech first gained traction with its USDC-based yield product, which processed over $100 million in subscriptions.
Avalanche’s high-speed, low-fee blockchain network plays a critical role in Littio’s infrastructure. Littio recently transitioned its holdings from Ethereum to Avalanche to benefit from:
Morgan Krupetsky, Head of Institutions & Capital Markets at Ava Labs, commented:
“Littio and OpenTrade exemplify how Avalanche’s technology can enable underbanked populations to access compelling products and services that are otherwise unavailable or untenable via traditional rails leverage."
According to the Avalanche team, it’s infrastructure has proven particularly effective for:
By leveraging Avalanche, Littio can offer faster, cheaper, and more scalable financial products to its growing user base.
Disclaimer
Disclaimer: The views expressed in this article do not necessarily represent the views of BSCN. The information provided in this article is for educational and entertainment purposes only and should not be construed as investment advice, or advice of any kind. BSCN assumes no responsibility for any investment decisions made based on the information provided in this article. If you believe that the article should be amended, please reach out to the BSCN team by emailing [email protected].
Latest News
March 23, 2025
Fidelity Files to Register Tokenized Treasury Fund On Ethereum
March 22, 2025
Weekly Article Recap: 3/17-3/21
March 21, 2025
What is PIDaoSwap? A New Decentralized Exchange (DEX) on Pi Network
March 21, 2025
What Makes Sidra Chain Unique? Full Analysis
March 21, 2025
CHEEMS Memecoin Analysis: A BNB Giant
March 21, 2025
Who Is the Mysterious Hyperliquid Whale?
March 21, 2025
PumpFun Introduces PumpSwap to Challenge Raydium
March 20, 2025
Goldfinch and Plume Unlock Private Credit in the Crypto Ecosystem