Bitcoin Takes On Institutional Credit with Lombard and Innovative DeFi Partners

Lombard, a firm pioneering on-chain financial solutions, has partnered with Cap and Symbiotic to introduce Bitcoin into the world of institutional credit. This innovative alliance allows LBTC holders—Lombard’s yield-bearing Bitcoin product—to act as collateral underwriters for USD loans issued through Cap’s platform. This translates into Bitcoin becoming a guarantee behind stablecoin credit lines, empowering borrowers with access to uncollateralized credit and enabling users to earn yield on their BTC holdings.