Blockchain
Binance Launches USDC Flexible Products with 8% APR Rewards
Binance has recently introduced USDC Flexible Savings, offering users the opportunity to earn up to 8% annual percentage yields (APY) on their USDC holdings. This initiative aims to provide users with a flexible and convenient way to earn passive income on their stablecoin investments.
USDC Flexible Savings allows users to deposit their USDC holdings into a pool, where they can earn interest on their funds. The interest rates are variable and are determined by market demand and supply conditions. Users have the flexibility to deposit and withdraw their funds at any time without any lock-up periods or withdrawal fees.
Binance’s USDC Flexible Savings program is part of its broader effort to offer a range of financial products and services to its users. By leveraging the stability of the USDC stablecoin, Binance aims to provide users with a secure and reliable option for earning passive income on their crypto assets.
This move by Binance comes at a time when there is growing demand for yield-generating opportunities in the crypto market. With traditional savings accounts offering low interest rates, many investors are turning to crypto platforms to earn higher returns on their idle assets.
Overall, Binance’s USDC Flexible Savings represents a convenient and accessible way for users to earn passive income on their stablecoin holdings while benefiting from the liquidity and security of the Binance platform.
Source: blockchain.news
The post Binance Launches USDC Flexible Products with 8% APR Rewards appeared first on HIPTHER Alerts.
The European Union’s landmark MiCA regulation is set to transform the crypto industry, establishing stringent standards that many current Virtual Asset Service Providers may find challenging to meet. As MiCA compliance becomes the standard for operating within the European Economic Area, crypto exchanges and asset companies must take prompt action to align their operations with these comprehensive regulations.
To support businesses in navigating this significant transition, an exclusive webinar “Adapt or Die: The Urgent Shift from VASP to MiCA” will be held on Tuesday, November 19th, 2024, at 5:00 PM (CET) time.
This session is designed to provide industry professionals with practical insights and strategies to ensure their software and operations comply with MiCA standards.
Key highlights of the webinar include:
● Detailed analysis of MiCA regulations and their implications for the crypto sector.
● Actionable steps for software adaptation to achieve MiCA compliance.
● Case study feature: How Kyrrex achieved MiCA readiness using solutions from Simplify Labs.
● Practical tools for Anti-Money Laundering, Know Your Customer processes, cybersecurity, and transaction monitoring.
The webinar will be useful for CEOs, COOs, Compliance Officers, Regulatory and Legal Professionals, Tech Managers, and Investors looking to enter or expand within the EEA market. Attendees will gain the knowledge and tools necessary to adapt and thrive under the new MiCA regulatory framework.
Featured speakers:
Vadim Rozov, CEO at Simplify Labs, brings over 20 years of management and software development experience. Under his leadership, the company is dedicated to simplifying crypto and blockchain technology, making it accessible for non-technical founders and management teams.
Kevin Plumpton, CEO at Kyrrex, is a warranted advocate with extensive expertise in finance, business, property, and international law. He specializes in corporate governance, risk, and compliance legislation, and is a prominent figure in the Anti-Money Laundering and Counter Financing of Terrorism fields. He is recognized for developing innovative KYC and due diligence platforms utilized by leading organizations.
“The crypto industry is at a critical juncture where understanding and adhering to MiCA regulations is essential for continued growth and market access,” said Kevin Plumpton, CEO at Kyrrex. “Events like these are vital for bringing together industry leaders to share knowledge and best practices, ensuring businesses can adapt effectively and sustain their operations.”
Franklin Cachia, Executive Director at CSB Group, is an accomplished professional who advises clients on taxation, financial services, AML compliance, and corporate law, among other areas. His broad expertise also encompasses gaming, GDPR, and property law.
The post Adapt or Die: The Urgent Shift from VASP to MiCA appeared first on .
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