27 October 2019 by Xavier
Celsius Network, the startup loan in crypto-currencies, has signed a new partnership with Tether (USDT) to the host in his crypto-wallet.
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Of interest to the users of Celsius Network
The collaboration between Tether and Celsius Network gives rise to a profit big enough to users, with a limitation of risks frequently encountered in the sector.
Thanks to the stablecoin Tether, customers will receive up to 12 % annual interest calculated daily and paid weekly. The interest on the crypto-currency that is stored can be cashed in Tether (USDT), Bitcoin (BTC) and Celsius (CEL).
On the other hand, Celsius Network has added the stablecoin as the currency of loan with an interest rate of 3.46 % per annum, and a condition of deposit of digital currency as collateral.
A strategic collaboration for Tether and Celsius Network
19 crypto-currencies are currently supported by the crypto-wallet Celsius. The company offers an average interest rate compared to its peers, according to data from CoinMarketCap. It manages more than $ 350 million of assets through deposits and guarantees.
The floor ready to be fixed by c, is reduced to 1 500 $, which makes the platform extremely attractive to the eyes of the general public.
To illustrate in numbers the performance of the startup, approximately us $ 2.2 billion loan have been paid in Celsius from July 2018, with $ 4 million of interest paid to the users.
Paolo Ardoino, the technical director of Tether, says the addition of USDT as follows :
“We are delighted to increase the usefulness and attractiveness of the USDT for our users and our community. We are always looking for ways to improve our product offering for the benefit of our community, and partnering with Celsius is a great example of use “.
Celsius would like to win the esteem of crypto-investors by the multiplication of the crypto-currencies that it supports in its wallet. In addition, it competes with financial institutions and other platforms in terms of interest rates, which are the most competitive in the market.
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