Former Swift CEO Appointed Chairman of OpenTrade, Company's Annual Trading Volume Exceeds $1 billion

BlockBeats news, October 29: London-based stablecoin yield company OpenTrade has announced that former Swift CEO Lazaro Campos has joined as Chairman to assist the company in expanding its business. The company disclosed that its trading volume over the past 12 months exceeded $1 billion, and its current total value locked (TVL) has reached $300 million.

OpenTrade completed a $17 million funding round in May, led by Mercury Fund and Notion Capital, bringing its cumulative funding to $32 million. The company provides infrastructure for fintech firms, exchanges, and digital wallets, enabling them to offer USD- and EUR-denominated yields backed by real-world assets. (CoinDesk)