Former Swift CEO joins stablecoin firm OpenTrade as chairman
Source: CoinDesk ·
From the source
Lazaro Campos takes the board role as the London-based company reports $300 million in assets locked and more than $1 billion in annual transaction volume. Lazaro Campos, the former CEO of Swift, the global financial messaging network, has joined London-based stablecoin yield company OpenTrade as chairman. The appointment, announced Friday, comes nearly six months after the firm raised $17 million to expand its operations. It brings a former head of one of the world’s largest banking networks to a company helping fintechs, exchanges and digital wallets offer returns on stablecoin balances. OpenTrade said Campos will help it expand as more financial firms adopt stablecoins. “I've spent most of my career on the infrastructure the world uses to move money. Stablecoins are the next chapter, and yield is what makes them useful to businesses and the people they serve,” Campos said. OpenTrade said it has processed more than $1 billion in transactions over the past 12 months and now holds…
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