Celsius’ minimum loan limit is reduced to US $ 1,000, and the deposit business will support two gold tokens with gold interest

Crypto loan company Celsius announced that it will reduce the minimum loan amount to US $ 1,000, and it will add two gold-based gold tokens in May. Celsius has experienced a reduction in the loan amount from the minimum loan amount of US $ 3000. To 1500 US dollars, this time again reduced to 1000 US dollars, “to allow users to borrow smaller amounts without having to sell the cryptocurrency held.” Celsius founder and CEO Alex Mashinsky said that Celsius borrowers are large accounts with more than US $ 10 million, and most sources of loans are composed of small amounts of funds. In addition, Celsius plans to launch gold tokens in May, including DGLD issued by Tether Gold (XAUt) and CoinShares. Depositing these gold tokens will also earn interest on gold. Alex Mashinsky said, “Because the current gold yield rate is negative, holding gold often has to pay the bank or custodian institution, and Celsius will launch a gold token that can not only capture the upward value of gold, but also earn interest.”