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Token price

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  • LTC

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  • USDT

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    0.2%

  • EOS

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    -5.8%

  • BNB

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    -3.3%

  • BSV

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    -4.1%

  • XLM

    80.9KRW

    -6.1%

  • XMR

    86,611.0KRW

    -0.7%

  • ADA

    57.5KRW

    -6.8%

  • TRX

    19.9KRW

    -7.4%

  • HT

    4,787.6KRW

    -1.4%

  • DASH

    110,304.7KRW

    -1.9%

  • XTZ

    1,256.7KRW

    -0.9%

  • ETC

    7,156.0KRW

    -1.9%

  • NEO

    10,890.5KRW

    -3.6%

  • MKR

    627,369.3KRW

    -4.0%

  • ONT

    929.1KRW

    -4.2%

  • XEM

    53.2KRW

    -1.8%

  • USDC

    1,199.3KRW

    0.2%

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    55,215.1KRW

    -3.6%

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    -0.5%

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    231.6KRW

    -8.7%

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    -1.8%

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    0.2%

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    -3.0%

  • QTUM

    2,484.9KRW

    -3.7%

  • TUSD

    1,201.1KRW

    0.3%

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    -3.9%

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    2.0%

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    0.1%

  • XIN

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    0.2%

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    4.2%

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    -2.2%

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    96.3KRW

    -2.2%

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    -5.7%

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    -2.4%

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    -4.8%

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    6.3%

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    -1.5%

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    -2.6%

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    -9.2%

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    -1.8%

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    18.2KRW

    -0.8%

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    -0.3%

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    -4.5%

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    -0.7%

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    1,174.6KRW

    -2.5%

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    0.5%

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    4.7%

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    0.8%

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    -4.0%

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    -3.0%

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    0.8%

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    3.1%

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  • PAI

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    -2.5%

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    0.7%

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    -3.0%

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    4.7%

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    2.2%

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  • HUM

    0.4KRW

    --%

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    11.7%

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    -9.0%

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    0.9KRW

    --%

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    -26.5%

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    1.6%

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    1.0KRW

    --%

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    -23.2%

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    3.5KRW

    --%

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    -23.6%

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    0.2%

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    2.6%

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    3.0KRW

    --%

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    --%

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    1.0%

  • BZKY

    0.3KRW

    --%

  • BORA

    17.1KRW

    -4.7%

  • CRE

    2.9KRW

    0.8%

Community

TrueUSD Selects Nexo as Its Official Lending Partner

Nexo | 03.06| 144

The Nexo community has always been a source of inspirаtion, helping us generate new ideas about features that make the already seamless lending experience with Nexo even better.

We are pleased to announce the first result of the strategic partnership between the world’s most advanced crypto lender Nexo and the company that is restoring confidence in the stablecoins space TrustToken.

TrueUSD is now available both as a collateral and repayment option for Nexo’s instant crypto loans, making Nexo the official TrueUSD lending partner.

Nexo clients can deposit TrueUSD and borrow against it with a 95% Loan-to-Value (LTV) ratio which provides an additional utility feature for the stablecoin. TrueUSD can further be used to fund existing loans, with no price risk for the customer.

These latest developments come on top of the capability to earn up to 6.5% interest per year on TrueUSD and other stablecoins with a 1-to-1 USD conversion protection guaranteed by Nexo.

TrueUSD has quickly gained traction and has recently surpassed the 200 million market cap threshold. TrustToken, the company underpinning it, offers regular attestation of its escrowed balance, 1-for-1 US dollar redemption and legal recourse against any misappropriation of the underlying assets. These concepts have been welcomed by a very receptive blockchain community.

The partnership between TrustToken and Nexo has come naturally, as the two companies are among the rare-breed of blockchain companies to have delivered working solutions to the real problems that plaguing the crypto community.

As a profitable enterprise from day 1 and the issuer of the largest security token by market cap, Nexo is distributing US$912,071.00 to NEXO Token Holders on December 15, 2018 via an interim dividend.

Do check out our earlier blog posts, share them with your friends and let them too be part of the Nexo success story!

Interested in Nexo? Get in touch:
Telegram | Twitter | Facebook | Reddit | LinkedIn Email


TrueUSD Selects Nexo as Its Official Lending Partner was originally published in Nexo on Medium, where people are continuing the conversation by highlighting and responding to this story.

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