UNIVERSITY PARK, Pa., Sept. 14 -- Pennsylvania State University issued the following news release:
UNIVERSITY PARK, Pa. - With the rise in popularity of the digital assets known as cryptocurrencies over the last decade, the idea of a decentralized financial system that operates outside of traditional markets is gaining mainstream appeal. A new analysis from a Penn State researcher, however, suggests that the traditional and decentralized markets are more connected than they might seem.
Siddharth Bhambhwani, assistant clinical professor of accounting at Penn State's Smeal College of Business, compared borrowing and deposit rates from Aave, a popular decentralized finance platform that offers peer-to-peer cryptocurrency lending, to U.S. Tr...