Bitcelite Launches Stablecoin Yield Tools09.05.2022
One of the leading Argentinean cryptocurrency exchanges, Bitcelite , has announced the inclusion of two stablecoins in its profitable investment instruments.
Bitcelite announced that investment structures based on Tether (USDT) and USD Coin (USDC) are already available for users to earn income from stablecoin deposits.
The exchange plans to offer 11% for deposits in USDC and 9% for USDT. The new instruments will merge with other coins such as Bitcoin (BTC), Ether (ETH), Dai (DAI), Binance Coin (BNB), Polkadot (DOT), Cardano (ADA), Solana (SOL) and Polygon (MATIC). As promised, interest on these products will be deposited daily.
Right now, the crypto exchange is targeting high-inflation markets like Argentina, where clients fear volatility but want to make a profit.
“We will continue to provide solutions that help people hedge against inflation and make cryptocurrencies a convenient everyday tool. Stablecoins are one of the most trusted products by users, which is why we are launching a yield tool that will help increase customer capital,” said Bitcelite CEO.
The new product can be activated by depositing funds to an exchange wallet. The site allows you to withdraw them at any time, without waiting for a certain period or conditions.
Bitcelite previously announced layoffs and a change in hiring strategy due to the downturn in the cryptocurrency and stock markets. The company had to lay off half of its staff.