Celsius Network, interest income on stablecoins and crypto

Litecoin Foundation Selects Celsius Network as Its Preferred Interest-bearing Wallet
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“We are excited to select Celsius Network to provide Litecoin holders a new set of use cases for their holdings,” said Charlie Lee, Creator of Litecoin and Managing Director of the Litecoin Foundation. “The ability to gain interest on, and take out loans against their litecoins, provides new opportunities for individuals to grow their holdings and take advantage of financial services that have previously been unavailable to cryptocurrency users.”

“This has been a year of enormous growth for us,” said Alex Mashinsky, CEO of Celsius Network, “We have completed over $2.2 billion worth of coin loans, passed $350 million AUM in customer deposits, and distributed over $3.5 million in interest payments. This partnership with the Litecoin Foundation gives us access to an unprecedented amount of LTC holders, representing yet another monumental step for Celsius in our mission to bring financial services to the millions of unbanked around the world.”

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Thread: Schiff nailed celsius 8 months ago. Watch!

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