Connect with us

Cryptocurrency

TrueUSD (TUSD) Chooses Nexo as Its Official Lending Partner

TrueUSD (TUSD)

Nexo users can now borrow against the stablecoin with a 95% Loan-to-Value (LTV) ratio.

Crypto-backed loan platform Nexo (NEXO) recently announced that TrueUSD (TUSD), a dollar-pegged stablecoin, has selected the project as its official lending partner.

According to the announcement, TrueUSD is now available as a collateral and repayment option for Nexo’s instant crypto loans. Investors can borrow against TUSD with a 95% Loan-to-Value (LTV) ratio, in addition to funding existing loans.

This news comes just weeks after Nexo announced that it plans to offer a 6.5% interest rate for investors who store stablecoins on the platform. The current list includes TrueUSD, USDCoin (USDC), Gemini Dollar (GUSD), Paxos Standard Token (PAX) and Maker’s Dai (DAI).

NEXO is currently down 5.2% over the last 24 hours to $0.063545, giving the token a $35.59 million market cap and making it the 79th largest cryptocurrency.

Leave your vote

0 points
Upvote Downvote

Comments

0 comments

Advertisement
Loading...
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

the free movie link
Advertisement
Advertisement
Loading...

Trending

Copyright © 2018 Regular Station. Powered by KlassicWeb.

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.