One of the leading cryptocurrency exchanges, Bitrue, has announced an expansion to its passive earnings product with boosted interest rates for a range of stablecoins, including RLUSD from Ripple and PYUSD from PayPal. This strategic move comes at a time of increased market volatility, prompting some investors to shift towards lower-risk digital asset strategies.
“In an environment of exceptional volatility and no clear signs of future direction, we are seeing our customers moving to stablecoins in order to ride out the storm, but the appetite to profit from these holdings remains,” said Adam O’Neill, Chief Marketing Officer at Bitrue. “With our new stablecoin expansion we’re able to meet this demand and provide a valuable service to struggling investors.”
The newly enhanced stablecoin offerings are free from investment caps and feature the following Annual Percentage Rates (APR):
- •RLUSD at 7% APR
- •PYUSD at 5% APR
- •USDC at 4.5% APR
- •USDT at 4.3% APR
New User Exclusive Offers and XRP Staking Relaunch
In addition to the stablecoin expansion, Bitrue has launched a suite of exclusive offers for new users, providing medium-term bonuses designed to help them build their initial crypto portfolios. These introductory offers include:
- •Tronix TRX at 7% APR for 180 days
- •Cardano ADA at 6.5% APR for 180 days
- •Solana SOL at 6.5% APR for 180 days
These new opportunities coincide with the re-launch of XRP staking, offering a 6.8% APR. This initiative follows the debut of Bitrue's first staking opportunity in 2019. Since the introduction of its Power Piggy earnings service, Bitrue has expanded staking support to hundreds of cryptocurrencies, encompassing well-established assets like BTC and ETH, as well as newer popular tokens such as ASTER and WLFI.
Growing Launchpool Offerings
Bitrue has also been actively developing its Launchpool offerings. The platform recently completed a distribution of 100,000 Monad to its users, showcasing its capability to identify and provide high-utility coins to its community. Following this success, Bitrue is introducing a new distribution of 1,000,000 MIN from Minswap, a significant project originating from the Cardano ecosystem. Users can participate in the MIN Launchpool by staking either ADA or Bitrue's native platform token, BTR. With recent Launchpools consistently achieving average yields exceeding 20% APY, Bitrue continues to demonstrate the advantages of early platform support.
About Bitrue
Launched in July 2018, Bitrue is a global cryptocurrency exchange committed to delivering diversified digital financial services through blockchain technology. The platform supports over 700 cryptocurrencies and offers a comprehensive suite of products, including spot trading, futures, OTC, staking, copy trading, and Alpha trading. Bitrue is recognized among the top exchanges for XRP market trading volume due to its extensive asset coverage. The exchange also provides a variety of staking and investment products with annualized rates up to 30%, effectively balancing liquidity and rewards. Emphasizing security and user protection, Bitrue engages in active partnerships with projects like XRP and ADA, fostering the growth of the digital economy through ongoing product innovation and global ecosystem collaboration.