U.S. custome s ca bo ow agai st thei c ypto without havi g to sell thei assets
Deposit Bitcoi , Ethe eum, XRP o USDC as collate al
Loa s a e available i mi utes with o c edit checks
Repayme t timeli es a e flexible a d use s ca defe the full loa i cludi g the i te est a d the amou t owed to a late date
O ce the loa is co fi med, USDC a ives i the use ‘s Uphold accou t withi mi utes. A use may also elect to co ve t the USDC i to USD. The e is o mi imum bo owi g amou t.
The ew loa p og am offe s the followi g featu es:
No c edit checks equi ed
Competitive fixed- ate te ms a e locked i at the time of bo owi g; ates sta t at 4.28% APR
Flexible epayme t dates a d o ea ly epayme t pe alties
The ability to defe the full loa , i cludi g i te est, to a late date
This lau ch adds to Uphold’s expa di g li eup of p oducts desig ed to help people ma age thei eve yday fi a ces – usi g c ypto as a p actical fi a cial tool, ot just a i vestme t to hold. The se vice is likely to have widesp ead appeal with a ece t study fi di g that 67 millio Ame ica s, o o e i fou adults, cu e tly ow c yptocu e cy.
“Ma y people ow have sig ifica t wealth tied up i digital assets,” said Simo McLoughli , CEO of Uphold. “Getti g quick access to these fu ds i the fo m of cash usually mea s selli g holdi gs which fo ces a t ade-off betwee sho t-te m eeds a d the desi e to keep assets ove the lo g te m. Th ough the Exactly P otocol, we a e able to p ovide access to i sta t liquidity, allowi g use s to access the value of thei c ypto holdi gs i o de to make eve yday pu chases o cove a u expected expe se, without havi g to sell them.”
Loa s a e offe ed th ough the Exactly P otocol a d accessed i the Uphold app alo gside the Exa C edit Ca d. Uphold custome s ow have two optio s fo bo owi g agai st thei c ypto assets. They ca eithe bo ow fu ds to spe d o the c edit ca d o they ca eceive USDC di ectly i thei Uphold accou t, with the optio to co ve t it i to USD.
Uphold is a fi a cial tech ology compa y that believes o -chai se vices a e the futu e of fi a ce. It p ovides mode i f ast uctu e fo o -chai payme ts, ba ki g a d i vestme ts. Offe i g Co sume Se vices, Busi ess Se vices a d I stitutio al T adi g, Uphold makes fi a cial se vices easy a d t ustwo thy fo millio s of custome s i mo e tha 140 cou t ies.
Uphold i teg ates with mo e tha 30 t adi g ve ues, i cludi g ce t alized a d dece t alized excha ges, to delive supe io liquidity, esilie ce a d optimal executio . Uphold eve loa s out custome assets, except at custome equest, a d is always 100% ese ved.
The compa y pio ee ed adical t a spa e cy a d u iquely publishes its assets a d liabilities eve y 30 seco ds o a public website (https://uphold.com/e -us/t a spa e cy).
Uphold is egulated i the U.S. by Fi Ce a d State egulato s; a d is egiste ed i the UK with the FCA a d i Eu ope with the Ba k of Po tugal. Secu ities p oducts a d se vices a e offe ed by Uphold Secu ities, I c., a b oke -deale egiste ed with the SEC a d a membe of FINRA a d SIPC.
To lea mo e about Uphold’s p oducts a d se vices, visit uphold.com.
Name: Ma c Spa owEmail:
Available i select U.S. States. Te ms apply. Loa s a e offe ed th ough the Exactly P otocol. Uphold does ot co t ol o ma age the Exactly P otocol, a d is ot espo sible fo assets o ce t a sfe ed to it. Use s who elect to co ve t thei loa p oceeds f om USDC to USD may do so at a 1:1 atio with o sp ead fo thei fi st $20,000 pe cale da mo th. A y additio al co ve sio s i excess of this cap ca y sta da d ma ket bid/ask sp eads. No stateme t he ei is a commitme t to make a loa . Availability a d bo owi g capacity depe d o eligibility, collate al asset, collate al value, a d c edit health. Defe i g payme ts may esult i total payme ts bei g highe ove the life of a loa . Late payme ts will acc ue default i te est.
