Crypto Short News

Binance to Adjust Daily Interest Rate for Borrowing USDT

One of the leading Cryptocurrency exchange Binance announced to adjust the daily interest rate for borrowing USDT to 0.0275% from previous rate 0.0225%, starting from 2019/08/22 0:00 AM (UTC). 

The platform also mentioned that after the above time, all existing borrowed USDT balances will have the daily interest rate automatically updated.

Previously, on August 20th, Binance announced to support an additional 200 Million ALGO Staking Rewards Program. Starting from September 1st, 2019, Binance will participate in this 200 Million ALGO program and distribute any proportional rewards received from this program.

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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