Ave founder: "Look at Paraguay, Bitcoin is more important than ever"
Original headline에이브 창립자 “파라과이 보라, 비트코인 어느 때보다 중요”
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Aave founder Stani Kulechov said on X that Bitcoin “matters more than ever,” pointing to Paraguay’s Ueno Bank as it entered liquidation proceedings on June 3. Paraguay’s central bank said Ueno’s solvency ratio had fallen below half the legal minimum, leaving customers unable to withdraw or transfer funds that day, though pension payments continued and roughly 32,000 pension accounts are set to move to other banks. The intervention matters as a real-world stress test of a crypto-friendly banking model, with Kulechov framing it as a case for self-custody and decentralized finance over custodial institutions.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
Named in this story
Ueno Bank, Stani Kulechov, Bitcoin (BTC), Aave (AAVE), Paraguay
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