AnchorUSD maintains an asset, USD token that runs on Stellar blockchain. It allows users to convert Stellar assets, including XLM to USD token that is pegged to US dollars. Holding AnchorUSD entities you to earn interest but that was restricted to United States residents.
That is now going to change as from now on, users across the globe can earn up to 4% APR on BTC, ETH, XLM cryptocurrencies and up to 8% APR on USD (deposit via USDC or USDT). In other words, AnchorUSD Interest Accounts are now available internationally and available to everyone.
Until now, it was not even possible to use Anchor USD applications outside the US. Now, everyone can deposit their cryptocurrencies and earn interest on them. This interest is paid out on daily basis and there is no lock-in period. You can withdraw funds at any time to your bank account. Fiat deposits and withdrawals are still restricted to US only.
In similar fashion, you can buy and sell cryptocurrencies at anytime using their apps.
⏫📈 We just launched AnchorUSD 1.4.0. Now you can deposit cryptocurrencies such as BTC, ETH, XLM and more directly to your AnchorUSD account. Earn interest even on your existing crypto portfolio! 🌲💵 pic.twitter.com/HhAtIBuk2h
— AnchorUSD (@AnchorUSD) June 17, 2020
Their applications are available for both iOS and android and let you easily buy and sell Bitcoin, Ethereum, Litecoin, Ripple and of course, Stellar Lumens.