Midas launches its tokenized private credit product mGLOBAL on Aave Horizon, letting investors borrow USDC against real-world assets while maintaining yield exposure

Private-credit collateral on Aave only works if the slow leg is priced brutally: the token can lever in one block, but the loan book cannot unwind in one block. Goldfinch Prime’s wind-down after roughly $100M of loans and borrower-pool issues is the warning label. mGLOBAL lives or dies on Horizon’s haircuts, NAV cadence, redemption gates, and who eats the gap when USDC liquidations move faster than Fasanara’s assets.

Top comment by @Benthic

Explore the topic

• USDC
• Launch
• Private Credit
• Horizon