All You Can Earn! Up to 16% Interest on Your Stablecoins
At Nexo, when we hike rates – it is to your benefit. Today, we are proud to announce new, higher-than-ever interest rates for our Earn Crypto Interest offering, plus the chance to receive 10,000 USDC in rewards.
Here's what's new:
- Up to 16% interest per year on stablecoins: The new industry-leading rates go live, effective immediately, which means starting with your next interest payout, you’ll be earning more.
- New fixed terms: Check out the 3-month Fixed Terms for USDT, USDC, TUSD, DAI, and USDP, as well as the 12-month Fixed Terms for EUR, GBP, and USD stablecoins.
- No balance limits: We are removing all balance limits for stablecoins, meaning you will continue to earn at our highest rates regardless of the size of your holdings.
- Get 10,000 USDC: If you’re adding funds to Nexo for the first time, you can now get up to 10,000 USDC in rewards. Details here.
The New Interest Rates for Stablecoins
You can use our yield calculator for stablecoins and crypto to work out how much you would earn on a given asset depending on your term (Fixed or Flex) and interest payout preference.
10,000 USDC in Rewards for First-Ever Top-Ups!
Our new rates come with a unique chance to receive a bonus of up to 10,000 USDC. All you have to do is add funds to your Savings Wallet for the first time and put them into a Fixed Term of your choice. You’ll receive one of the following three prize categories:
👍Top up $10,000 and get 250 in USDC
👏Top up $100,000 and get 1,500 in USDC
💪Top up $1,000,000 and get 10,000 in USDC
This limited-time promo will be available only from Monday, May 22, at 14:00 UTC to Friday, June 30, 2023, at 21:00 UTC. You will get your reward by July 14, 2023.
Find out more here.
How & Why Is Nexo Able to Raise Its Yields?
Since Nexo was founded in 2018, our commitment to providing a client-centric and sustainable yield-generating solution has ensured the company is always on solid ground even amid the year’s tumultuous events in crypto and beyond. While the macroeconomic realities of recent interest rate hikes by the Federal Reserve and the European Central Bank are creating ripples in traditional finance, interest in cryptocurrencies and businesses like ours has soared as clients seek cost-efficient alternatives for liquidity and a secure, trustworthy shield against inflation – a most potent example is the asymmetric positive performance of Bitcoin during the mid-March 2023 US regional bank crisis.
To cater to this growing demand for our flagship product, on May 12, 2023, we announced an upcoming adjustment to the borrowing rates of our Instant Crypto Credit Lines. Consequently, due to the supply and demand elasticity, we are now also increasing our Earn Crypto Interest rates.
Nexo recognizes thе evolving needs of our clients and the industry, and as our steadfast position in the allows, we have enhanced our Earn Crypto Interest offering to bridge this gap in the market and ensure our services work optimally for your benefit.
The Benefits of Earning with Nexo
In addition to the new, top-notch interest rates, the existing benefits of the Earn Interest product are not to be underestimated since they provide the backbone for a smooth and lucrative earning experience. Check out our products core features: including:
- Unique Daily Payout: Get instant access to the yield you’ve earned.
- Compounding Interest: Your daily payouts get bigger over time.
- Flexibility: Choose between FLEX and Fixed terms and structure your savings exactly as you wish.
- Sustainable Model: Thanks to our strong fundamentals, including a real-time reserves attestation & strict collateralization.
