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UK crypto startup OpenTrade bags $7m for stablecoin yield

OpenTrade, a cryptocurrency startup based in London, has raised €6.1 million (US$7.02 million) in funding to enhance access to stablecoin yield products.

The funding round was led by Notion Capital and Mercury Fund, with contributions from existing investors AlbionVC, a16z crypto, and CMCC Global. This increase brings the startup’s total funding to over €9.6 million (US$10.34 million).

The capital raised will be used to improve product development, expand engineering resources, and bolster operational capabilities, according to the company.

Founded in 2023, OpenTrade focuses on real-world asset (RWA)-backed stablecoin yield offerings, such as USDC and EURC.

The platform assists FinTech companies in integrating yield products through its enterprise-grade infrastructure.

🔗 Source: EU-Startups


🧠 Food for thought

1️⃣ Stablecoins have emerged as a critical financial bridge for inflation-affected regions

The growth of stablecoin yield products addresses a genuine market gap in countries where inflation has historically eroded savings value and limited access to stable currencies.

In high-inflation countries like Argentina and Colombia, the contrast between traditional banking and stablecoin yield opportunities is stark, with Colombian banks offering just 0.4% APR on dollar accounts versus the 6% available through stablecoin partnerships.

This disparity explains why the stablecoin market capitalization has now exceeded $200 billion globally, becoming one of the fastest-growing sectors in cryptocurrency 1.

Stablecoins’ design purpose, combining cryptocurrency’s censorship-resistant features with the price stability of traditional assets like the US Dollar, makes them particularly valuable in economically volatile regions 2.

OpenTrade’s focus on emerging markets reflects the evolution of stablecoins from primarily trading pairs for crypto investors to practical financial tools for everyday users seeking inflation protection.

2️⃣ Yield-as-a-service creates a new B2B2C model in financial infrastructure

OpenTrade’s approach represents a shift in how cryptocurrency yields reach end users by providing infrastructure to established fintech companies rather than competing directly for consumers.

This B2B2C model, where yields are embedded into existing financial applications, potentially solves user acquisition challenges that have hampered many direct-to-consumer crypto platforms.

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