Crypto.com has churned out support for three more stable coins – TrueGBP (TGBP), TrueAUD (TAUD), and TrueCAD (TCAD). Deposits of TGBP, TAUD, and TCAD are already enabled on the Crypto.com’s application, but withdrawals will be enabled on March 26th, 2020.
Holding TGBP, TAUD, and TCAD will also let you earn upto 12% per annum. The interest will be paid in TGBP, TAUD and TCAD. And if you are a private member, you will also get 2% per annum. This will be paid in MCO.
Supported coins that let you interest include bitcoin, ethereum, litecoin, ripple, TUSD, PAX, USDC, MCO, BAT, LINK, CRO, MKR, DAI, PAXG, EOS, Stellar Lumens, ATOM, Tezos, TAUD, TGBP, and TCAD.
Just keep in mind that for Singapore users, TGBP, TAUD, and TCAD are not supported.
Just like TUSD, the users will able to redeem the TGBP, TAUD, and TCAD, which will be wired directly to their personal bank accounts.
To earn interest, you must stake atleast 500 MCO. This interest is paid on weekly basis but you can change it 1-month / 3-month basis.
MCO card is also compatible with Samsung Pay / Google Pay / Apple Pay.
March 24, 2020
| Ethereum News