How to Earn Interest on Crypto Stablecoins with WonderFi ($WNDR $WONDF)
WonderFi Technologies Inc’s (NEO:WNDR, OTCMKTS:WONDF) mission is to create better access to decentralized finance (DeFi). WonderFi’s new platform serves as a trusted gateway to the new financial system, and a digital asset portfolio of crypto and DeFi assets. The company’s latest portfolio offering is the world’s fastest-growing stable coin (USD Coin) in collaboration with Circle Internet Financial, LLC.
Stablecoins are cryptocurrencies that attempt to peg their market value to some external reference. For example, Circle’s USDC is pegged to the U.S. dollar. This pegging allows stablecoins to be far less volatile than other traditional cryptocurrencies like Bitcoin (BTC). WonderFi partnered with Circle to provide crypto investors better access to buy or earn interest on the USDC stablecoin.
“Stablecoin is a great first entry point for people” – WonderFi Technologies CEO Ben Samaroo
WonderFi is designing a new system within decentralized finance with the potential to disrupt the world’s largest industry: finance. Inclusions of USDC to the WonderFi app, along with other new crypto offerings like the DeFi Pulse Index (a benchmark of the overall DeFi sector on Ethereum) are a couple of examples of this system at work.
“We are not the same as a bank in the sense that we hold assets for clients or take custody of assets. We are sitting in the middle and basically providing users with an integrated and simple approach to access all the opportunities in DeFi. It’s a fragmented space and so this is a single point of access that helps people bridge into all of these solutions. We are doing it in a very cost-efficient way really with the goal to make finance accessible and inclusive, and lowering the barriers for people” – WonderFi Technologies CEO Ben Samaroo
Watch the full interview to learn who USDC is different from Tether, how you can earn interest on stablecoins, and WonderFi’s partnerships.
Transcript
01:03 – Circle collaboration & other partnerships
02:03 – How USDC compares to Bitcoin (BTC)
02:46 – USDC backed by USD
03:13 – Tether
04:22 – USDC security and trustworthiness
06:09 – Earning interest on stablecoins
07:12 – Cutting out financial intermediary middleman
08:15 – WonderFi disrupting DeFi
09:46 – Stable coin regulation by SEC
12:51 – Response from banks to DeFi
15:36 – DeFi Pulse partnership
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