Safello expands the offering with 3 new cryptocurrencies and becomes the first broker in Sweden to support USDC

Stockholm, 12 January 2023 | Today, Sweden’s leading crypto broker Safello adds 3 new coins to its cryptocurrency offering; USDC, Uniswap and Algorand. Safello is the first Swedish broker to offer the stablecoin USDC to its customers. In conjunction with the launch, Safello also enables withdrawals and deposits of current cryptocurrencies Polygon and Chainlink.

The new coins are a much-anticipated addition requested by customers. The selection process follows Safello’s product governance framework taking, for example, liquidity and market maturity into consideration. The coins allow a wider area of usage for Safello’s customers within the digital assets ecosystem.

USDC is a stablecoin whose value is pegged to the U.S. Dollar. Algorand, with its currency ALGO, is a Layer 1 protocol using the consensus mechanism Pure Proof of Stake which enables scalability and low transaction costs. Uniswap, with its token UNI, is a decentralized exchange built on the Ethereum blockchain where people can swap between cryptocurrencies without involvement from a centralized part.

“We are excited to add more coins to our selection and to be the first broker in Sweden to support the stablecoin USDC. There is a growing demand from businesses to use stablecoins as a part of their treasury management and from retail customers as an option to manage volatility in the market,” says Frank Schuil, CEO and co-founder of Safello.

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For more information, please contact
Evelina Appelskog, Marketing & PR Manager, evelina.appelskog@safello.com

Certified Adviser
Amudova AB is Safello’s certified adviser. Phone +46 8 546 017 58. E-mail: info@amudova.se

Safello is Sweden’s leading online cryptocurrency brokerage with the goal to make crypto accessible to everyone. Safello offers a secure way to buy, sell and store crypto in seamless transactions at industry-leading speeds. Operating in Sweden, Safello has been registered as a financial institution with Finansinspektionen (Swedish Financial Supervisory Authority) since 2013 and is listed at Nasdaq First North Growth Market since 2021. For more information visit www.safello.com.

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