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Finder has killed offed its fixed return stablecoin product, Earn

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Finder has killed offed its fixed return stablecoin product, Earn - Startup Daily

Quick Summary:

Comparison site Finder has killed off its cryptocurrency product Earn, which offered customers a flat rate return for investing in stablecoins, arguing it “no longer” served customers amid rising interest rates.

In a blog post strangely titled “Finder Earn is being sunset” just two days before the shutdown, the company said “As interest rates have...

Embattled cryptocurrency lender Genesis Global Capital, which has already warned it needs a capital injection to survive, this week hired restructuring adviser and bank Moelis & Co.to investigate its options, including bankruptcy.


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Article Details

Author / Journalist: Simon Thomsen

Category: Startups

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-11-25 @ 05:58:37 (1 weeks ago)

News Timezone: GMT +10:00

Ranking: #365 (out of 2170 stories this day)

News Source URL: startupdaily.net

Language: English

Article Length: 326 words

Reading Time: 2 minutes read

Sentences: 14 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Startup Daily

News ID: 1925344

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About Startup Daily

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Main Topics: Startups

Official Website: startupdaily.net

Update Frequency: 1 posts per day

Year Established: 2012

Headquarters: Australia

News Last Updated: 1 days ago

Coverage Areas: Australia

Ownership: Independent Company

Publication Timezone: GMT +10:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #23

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The story "Finder has killed offed its fixed return stablecoin product, Earn" was covered 1 weeks ago by Startup Daily, a news publisher based in Australia.

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It's most recent story was published 1 days ago.

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  • URL: https://beamstart.com/news/finder-has-killed-offed-its-16693613129326

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