Crypto asset management firm Metalpha collateralized 18,000 ETH to borrow $20 million in a stablecoin, which was then deposited back into Binance.

Blockbeats06-10

BlockBeats News, June 10th, according to Onchain Lens monitoring, Metalpha has deposited 18,000 ETH into Spark as collateral, borrowed 12 million USDS and 8 million DAI, converted them into 20 million USDC, and then deposited them back into Binance.

This morning's news, cryptocurrency asset management firm Metalpha withdrew 18,000 ETH (worth approximately 48.45 million US dollars) from Binance 2 hours ago.

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