Nexo platform demo (Nexo)

Nexo (NEXO), a cryptocurrency-backed loan platform, revealed on Friday that investors can now earn up to 6.5% interest on major stablecoins stored on the platform.


According to the site, TrueUSD (TUSD), USD Coin (USDC), Tether (USDT), Paxos Standard Token (PAX) and Dai (DAI) now pay up to 6.5% compounding interest, which is distributed daily. Additionally, the funds can be withdrawn whenever, so there’s no lock-up period.

This news comes after Nexo recently lowered the minimum for its crypto loans to $500, providing a more inclusive platform for investors with smaller portfolios. Nexo also recently gained a listing on Huobi Global, the eighth-largest crypto exchange by trading volume and its first major exchange.

NEXO is currently down 2.7% over the last 24 hours to $0.077198, giving the token a $43 million market cap and making it the 95th largest cryptocurrency.

More: Earn Interest With Nexo
Similar: Huobi Token (HT) Rallies Another 19%

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.

Voyager