CoinFLEX launches the first interest bearing stablecoin

CoinFLEX launches the first interest bearing stablecoin

There are over $22 billion dollars of stablecoins currently in the market that pay 0% interest. Is that a missed opportunity? Surely, there are better opportunities out there? We also see that many traders and investors seek double-digit yield from borrow-lend desks, derivatives and DeFi projects. But what risks are they taking on?

flexUSD Marks CoinFLEX’s Entrance into the Borrowing, Lending and Stablecoin Space

Stablecoins that earn yield are now a reality. You can now earn interest on a stablecoin, while using it in high yielding DeFi projects or as collateral for margin trading on exchanges. It is the first time these crypto native USD yields are accessible without a lockup of funds. Hold onto your private keys and still earn yield. 

CoinFLEX has announced the launch of flexUSD, an interest bearing stablecoin that will lend in CoinFLEX’s repo market and pay interest on the blockchain every eight hours. flexUSD is live on Ethereum as an ERC20 token and the Bitcoin Cash network as an SLP token.

flexUSD will be integrated across many DeFi platforms and the end result is that everyone will now have the same opportunities as large trading firms and institutions to participate in a wide range of interest rate and credit investment opportunities in crypto markets

Customers can create flexUSD on coinflex.com/flexassets.

CoinFLEX Repo Market Traded $445M Since June Launch

CoinFLEX is the world’s first physically delivered cryptocurrency futures exchange. But, as of today, newly launched interest rate futures allow repo borrowers to lock in fixed rate 1 month – 12 month loans via a one-click borrowing tool. These rates will trade directly on a central limit order book, making them publicly accessible and tradable by any customer. Pretty cool?

CoinFLEX also plans to enter into the unsecured borrowing market through the listing of company-specific tokens to provide a transparent way for borrowers and lenders to directly transact with each other via an orderbook and the blockchain.

How to participate?

Prospective traders and investors can access CoinFLEX by registering online at https://coinflex.com/. 

About CoinFLEX

Founded in 2019, by Mark Lamb and Sudhu Arumugam, CoinFLEX (Coin Futures and Lending Exchange) is the world’s first physically delivered cryptocurrency futures exchange, developed to provide avenues for investors to trade and hedge cryptocurrency exposure with minimal index or price settlement risk.

More information regarding flexUSD can be found online at coinflex.com/flexusd.