Nebeus, one of Europe’s leading crypto platforms, has now added Stablecoins Tether (USDT) & USD Coin (USDC) to its popular Crypto-Renting program. This new feature allows Nebeus users to earn up to 12.85% per year with no fees. The platform, which added Stablecoin’s capabilities to its digital wallet at the beginning of June, has launched two new renting programs for both Tether (USDT) & USD Coin (USDC).
SysAdmin Appreciation Day: Top Industry Leaders Share their Insights on IT and Data Ops
Crypto renting is a service that is unique to Nebeus. The renting programs work in a very similar way to Crypto Savings, but instead of depositing funds into an account on a yearly interest rate, users rent their crypto directly to Nebeus, sign a rental agreement, and earn money in the form of a payout based on an annual percentage rate.
The two new Stablecoin Renting programs are:
- Bonsai – Nebeus users can earn a 6.5% per year yield by renting a minimum of 50 USDC or USDT for more than one month.
- Baobab – Nebeus users can earn a 12.85% per year yield by renting a minimum of 1000 USDC or USDT for more than four months.
The brand-new renting options have been launched alongside Nebeus’ redesign of its Crypto Renting interface to make it more informative, intuitive and increase consumer confidence. While understanding that not all users of the Nebeus platform are crypto experts, the redesign has allowed a streamlined approach that will be relevant for all levels of digital asset investors.
Read More: ZenLedger Raises $6 Million Series A Funding To Simplify Cryptocurrency Taxes and Accounting
Michael Stroev, COO & Head of Product at Nebeus, said: “Stablecoins are attractive due to the consistent value of these assets. Their values are permanently fixed to the US dollar, and they do not have the high volatility and risk that many other cryptocurrencies have. But this also means investing in these coins might not make you money in the same way that other currencies will. This is where our new Stablecoin renting programs come into play and allow Nebeus users to earn passive returns on their stablecoin investments, all while avoiding the volatility associated with popular cryptocurrencies.”
