New Colombian Bank Littio Switches Blockchain Network from Ether to Avalanche
On October 11, Littio, a new Colombian bank, was switching its blockchain network from Ether to Avalanche to develop a product called Yield Pots that would allow users to earn interest on deposits made in U.S. dollars.Avalanche's low transaction fees and consistency were cited as reasons for choosing the chain.
The Avalanche Foundation launched a $50 million program last year to incentivize the development of real-world assets (RWAs) on its network.
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The US Dollar Index fell 0.43% on the 10th.
The U.S. budget deficit for November was $173 billion.
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