Stablecoin Yield Platform OpenTrade Appoints Former CEO of Swift as Chairman

Lazaro Campos, the former CEO of the Society for Worldwide Interbank Financial Telecommunication (Swift), has joined the London-based stablecoin yield platform OpenTrade as Chairman.

OpenTrade stated that the platform processed over $1 billion in transactions in the past year, with a current total value locked of $300 million, up from over $200 million in May. OpenTrade was established in 2023, aiming to help businesses provide yields denominated in USD and EUR, backed by real-world assets, and has raised a total of $32 million to date.