- Criptan will be able to generate more stable and predictable returns on both USDC and EURC by utilizing OpenTrade’s USD Money Market USDC Yield and E.U. Gov Bond EURC Yield products.
- OpenTrade is a platform that is designed for institutional use and offers real-world asset-backed lening as well as stablecoin yield financial solutions.
- With over 85,000 corporate and individual users who are able to access digital assets and stablecoin accounts through a seamless user interface and user experience, Criptan continues to solidify its position.
In order to power its Earn product, which enables users to earn passive income on their USDC and EURC holdings with the click of a button, Criptan, a Spanish fintech company that focuses on providing businesses and individual users with simple and secure access to digital assets such as Bitcoin and Ethereum accounts and stablecoin accounts (USDC and EURC), has partnered with OpenTrade.
With over 85,000 corporate and individual users who are able to access digital assets and stablecoin accounts through a seamless user interface and user experience, Criptan continues to solidify its position as a trusted leader in the European digital asset ecosystem. These users trust in Criptan’s strong regulatory and security credentials and track record.
Because of their partnership with OpenTrade, Criptan is able to further improve their current Earn offering, which has already paid out more than half a million euros in user earnings and has topped $75 million in assets under management since it was first introduced. Most notably, Criptan will be able to generate more stable and predictable returns on both USDC and EURC by utilizing OpenTrade’s USD Money Market USDC Yield and E.U. Gov Bond EURC Yield products. This will be accomplished without imposing any additional onboarding requirements or costs on end users, and it will also reduce back-office costs and operational overhead.
With its position as the most prominent digital asset platform in Spain, Criptan is in a position to provide this market a really exceptional value proposition. This value proposition includes greater returns along with accessibility, flexibility, and stability that cannot be found anywhere else in the Spanish market:
Criptan offers users greater yields on euro and dollar balances in comparison to conventional banks, which normally limit euro savings rates at the Euro money market rate (which is now 2.17%) and seldom provide yield-bearing accounts in the United States to local retail customers.
Criptan offers consumers more steady and predictable profits in comparison to crypto-native platforms, which may give yields of up to 6% annual percentage yield (APY) on some stablecoins. However, these yields are often fluctuating and require users to lock their funds for a certain amount of time.
Jeff Handler, co-founder and CCO of OpenTrade stated:
“Through the partnership, Criptan is bridging the gap between traditional and on-chain finance, delivering a solution that neither can achieve alone. Business and retail users alike can enjoy unhindered access to reliable, institutional-grade yields with no lock-ups or additional fees.”
Jorge Soriano, CEO & cofounder of Criptan stated:
“Our mission at Criptan has always been to democratize access to the benefits of digital finance in a secure and transparent way. Partnering with OpenTrade allows us to take a significant step forward, bringing institutional-grade investment opportunities to everyday users while maintaining the simplicity and trust that define our platform. We believe this alliance strengthens our value proposition and reinforces our commitment to building the future of finance in Europe.”
OpenTrade is a platform that is designed for institutional use and offers real-world asset-backed lening as well as stablecoin yield financial solutions. OpenTrade is a platform that has been built to enable any company to power their own stablecoin yield products for their users. These users can have faith in OpenTrade’s enterprise-grade technology systems, as well as the security guarantees of our time-tested legal protections and bank-grade asset management operations. OpenTrade has received backing from investors such as a16z Crypto and Circle.
Criptan is the ideal complement to conventional banking since it makes use of blockchain technology to boost the profitability of its clients’ funds and to ensure their safety. Founded in 2018, its mission is to safeguard the wealth of its clients while simultaneously assisting them in expanding their fortune, all while adhering to the greatest possible standards of security and transparency. Due to the fact that it is registered with the Bank of Spain under the number D646, it is able to lawfully engage in activities with regard to the acquisition, sale, and custody of digital assets. Additionally, it has been accredited to the ISO 27001 standard, which ensures that it meets rigorous security requirements for information management.
Source: https://thenewscrypto.com/spanish-fintech-criptan-partners-with-opentrade-to-boost-stablecoin-yields-for-users/