Although many cryptocurrency speculators and digital asset investors may find cryptocurrencies not as safe as before ever since the collapse of FTX, Tether (USDT) and Collateral Network (COLT) holders firmly believe in the safety, adoption, and reliability of cryptocurrencies.
Besides, what asset class provides the returns that cryptocurrencies bring to the table when staked or held onto for a more extended timeframe?
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Tether (USDT) Launches Offshore Chinese Yuan Stablecoin on TRON (TRX)
Tether (USDT), the company behind the oldest and largest stablecoin USDT, has expanded its offerings to include a stablecoin backed by Offshore Chinese Yuan on the TRON (TRX) blockchain. This move from Tether (USDT) will make sure mainland Chinese clients can send, receive and store digital asset payments in Tether (USDT) with fewer fees and friction.
The move by Tether (USDT) was called a ‘’Big milestone for crypto and the Asian community’’ by TRON (TRX) founder Justin Sun, and Tether (USDT) might propel cryptocurrencies back on track in 2023. Stablecoins are an important part of today’s cryptocurrency ecosystem, especially in Web3 and decentralized finance.
Many cryptocurrency investors participate in yield farming or staking, which involves stablecoins like Tether (USDT) in most cases. Despite controversies regarding the reserves for Tether (USDT), the stablecoin keeps the entire cryptocurrency market afloat and allows individual users to be their own banks without needing an intermediary.
Not only is this interesting for those who want to earn solid APYs, but also for those that believe in Satoshi’s vision as outlined in his whitepaper Bitcoin (BTC): A Peer-to-Peer Electronic Cash System.
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Collateral Network (COLT) Set To Disrupt Crowdlending Industries
Collateral Network (COLT) is a relatively new cryptocurrency project that firmly believes in the safety of cryptocurrencies. In fact, it is banking on the fact that blockchain technology can be used in combination with NFT technology to revolutionize the crowdlending industry.
Collateral Network (COLT) will allow borrowers around the world to unlock cash from their physical assets on the blockchain and users to become their own banks by providing fractional loans to borrowers at fixed interest rates.
Collateral Network (COLT) is the first cryptocurrency project of its kind that combines the minting of fractionalized NFTs against physical assets and allows the community to fund these loans.
Let’s say you have a piece of art worth $10k, and you want a short-term loan. Collateral Network (COLT) will then mint a tangible NFT, backed by the physical piece of art. Collateral Network (COLT) then fractionalizes the NFT into smaller parts, making it easier for investors to become fractional lenders.
Because of this, Collateral Network (COLT) allows small retail investors to participate and earn an agreed fixed interest rate. On the other hand, lenders can receive cash from their assets quickly and transparently. All contractual data is stored in the metadata of the NFT, which is then stored on the publicly available and immutable blockchain.
Collateral Network (COLT) token holders will enjoy other benefits as well, including borrowing fee discounts and trading fee discounts. Users of the Collateral Network (COLT) ecosystem can also stake their collateral tokens and earn a passive income with crypto by doing so.
The team’s tokens are locked for 3 years whilst the liquidity pool of the project is locked for 33 years. Both smart contracts are audited by Solid Proof, ensuring no rug pull can take place whatsoever.
The total supply of COLT tokens is 1.4 billion, and only 50% of these will be available to the general public through the pre-sale of the project. The initial starting price of Collateral Network (COLT) tokens will be $0.01, and with these strong fundamentals, analysts are predicting a 35x surge in price within the next 6 months.
Find out more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
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