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THORChain to Issue Equity Tokens to Battle $200M Debt After Pausing Bitcoin, Ether Lending

TCY tokens will be distributed at a rate of 1 TCY per dollar of defaulted debt, turning lenders and savers into equity holders.

By Shaurya Malwa|Edited by Parikshit Mishra

Updated Feb 3, 2025, 11:52 a.m. Published Feb 3, 2025, 11:49 a.m.

Thor hammer. (UnSplash)