TMCnet News
Celsius Partners With Tether to Bring USDT its Highest Interest-earning Wallet at 10.53% APRCelsius Network (https://celsius.network/), the industry-leading cryptocurrency platform, announces today its partnership with Tether, a stablecoin which pegs its value to the US dollar. The Celsius app now supports the USDT ERC20 stablecoin allowing USDT holders to earn rewards and request loans on a far less volatile asset than other cryptocurrencies.
Celsius users can now request a loan issued in USDT, in addition to the existing stablecoins and fiat loan options available through Celsius, at rates as low as 4.95% APR.
Celsius has achieved notable milestones in the past year to drive the decentralization of traditional financial structures:
"At Celsius, we're working toward mass adoption of cryptocurrencies by paying 10X more than what banks pay on deposits and providing loans at rates unmatched by any bank or crypto lenders," said Alex Mashinsky, CEO of Celsius Network. "Stablecoins, such as USDT, allow crypto holders to keep their funds in crypto, allowing for frictionless trades, while sidestepping the market's lows and highs. We continue to Socialize profits while others only socialize losses." About Celsius Network Celsius Network addresses the financial needs of today's consumers worldwide through a democratized interest income and lending platform accessible via a mobile app. Built on the belief that financial services should only do what is in the best interests of the depositor community, Celsius is a modern platform where membership provides access to curated financial services that are not available through traditional financial institutions. Find out more at www.celsius.network. View source version on businesswire.com: https://www.businesswire.com/news/home/20190821005543/en/ |