Altcoins Talks - Cryptocurrency Forum

Learning & News => News related to Crypto => Topic started by: newshunter on April 07, 2020, 01:01:45 PM

Title: Celsius Lists Libra Challenger for 9.9% Potential Interest
Post by: newshunter on April 07, 2020, 01:01:45 PM

Celsius Lists Libra Challenger for 9.9% Potential Interest

Celsius Network platform lists Saga’s SGA stable asset, allowing up to 9.9% annual interest

Source: Celsius Lists Libra Challenger for 9.9% Potential Interest (https://cointelegraph.com/news/celsius-lists-libra-challenger-for-99-potential-interest)

Would appreciate your opinion about this

Title: Re: Celsius Lists Libra Challenger for 9.9% Potential Interest
Post by: Fenix on April 07, 2020, 07:08:50 PM

This is again something new in digital financial assets. It is not yet clear whether the SGA token can be called a full-fledged cryptocurrency. By its nature, an SGA should be called a stable coin, but it is called a stable asset. I still do not understand how the owners of this stable SGA asset may have passive income in the amount of 9.9 percent per annum. However, it is very interesting. Getting actually ten percent per annum in cryptocurrency is not bad.