Cryptocurrency

Nebeus Adds Stablecoin Renting To Its Platform, Offering A 12.85% Return Per Year

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).

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.

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.”

About Nebeus

Nebeus is a fintech & crypto platform on a mission to bridge the gap between crypto and cash with instant crypto-backed loans and financial services. To achieve this, Nebeus offers an ecosystem of secure and compliant products and services, allowing customers to borrow, earn, exchange, and transfer cash and crypto with full security. Nebeus was founded in 2014 in England, operating primarily in the UK and Europe.

The Future of Nebeus

In the future, we see a world without monetary boundaries; where cash and crypto are used side by side to purchase everyday goods and services.

Hillary Cyril

Creative content developer, a blogger and SEO writer.

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Hillary Cyril

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