Fifty million US dollars poured into Southeast Asian micro-lending, 14% APY sounds attractive, but the fine print about unsecured default risk must be watched closely.

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MeNews
Pharos Network launches $50 million RWA vault, with an expected total annualized return of 14%
ME News Report, April 18 (UTC+8), Pharos Network recently launched a $50 million RWA vault, with an expected gross APY of 14%.
Among them, 70% is allocated to small personal loans in countries such as Thailand, the Philippines, and Indonesia.
The official reminder states that there may be a risk of default in unsecured consumer loans in developing countries.
(Source: MLion)
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