RATE Group | Crypto Lending Firm BlockFi Adds Support for Litecoin and USD Coin
75047
post-template-default,single,single-post,postid-75047,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Crypto Lending Firm BlockFi Adds Support for Litecoin and USD Coin

08 Jan Crypto Lending Firm BlockFi Adds Support for Litecoin and USD Coin

Posted at 20:20h in Cryptocurrency News by

[ad_1]

Major cryptocurrency lending company BlockFi has added support for two new assets to its list of supported digital currencies.

According to a press release shared with Cointelegraph on Jan. 8, the firm has added major altcoin Litecoin (LTC) and USD Coin (USDC) — the dollar-backed stablecoin from major United States-based cryptocurrency exchange Coinbase. 

The new additions mean that BlockFi users can now trade and receive loans as well as interest with the aforementioned cryptocurrencies. Clients can earn monthly compounding interest through the BlockFi Interest Account (BIA). USDC carries an annual percentage yield (APY) of 8.6%, while Litecoin’s APY through the BIA is 3.8%.

Litecoin and USDC will also be available on BlockFi’s new trading platform, along with other major digital currencies like Bitcoin (BTC), Ether (ETH) and the Gemini Dollar (GUSD). 

Interest in crypto loans grows

As cryptocurrency markets continue to mature, new types of services and solutions involving…

[ad_2]

Source link

Tags:
, , , , , , , ,