Re Protocol Tops $400M in Deposits as Onchain Reinsurance Yield Attracts Capital

TL;DR: Re Protocol says deposits across its reUSD and reUSDe products have exceeded $400 million, putting a relatively unfamiliar type of real-world asset exposure into the spotlight: insurance and reinsurance. Its November 4 announcement says the latest $100 million arrived in 40 days, about 80% faster than the previous comparable step. Re Protocol says deposits across its reUSD and reUSDe products have exceeded $400 million, putting a relatively unfamiliar type of real-world asset exposure into the spotlight: insurance and reinsurance. Its November 4 announcement says the latest $100 million arrived in 40 days, about 80% faster than the previous comparable step. The growth is notable, but investors need to understand what supports the yield before treating the products as another ordinary stablecoin account.

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