Anchor USD has been busily engrossed in past couple of weeks, adding more and more features and currencies to their app. Today, they have churned out an update that adds support for Algorand (ALGO), Polkadot (DOT) and Cardano (ADA) in their app.
The new update also allows users to rearrange currencies in the Explore screen. It’s now easier than ever to keep a watchlist of your favorite currencies, in the order that best fits you.
You can buy, sell or stake these cryptocurrencies in the app. By staking, you can earn an interest of upto 5% APY. This interest is paid out on a daily basis. If you have USD in the Anchor USD app, you get 8% interest.
Like other fiat and cryptocurrencies, Anchor USD lets you buy using your bank account (US-only) or credit/debit card. Similarly, you can sell any cryptocurrency for fiat and withdraw to your bank account (again, US-only for now). The app is available to all countries all the world and anyone can start earning interest on their currencies the moment they deposit them in the app.
It is great to see there is no lock-in period so one can withdraw them anytime they want.
If you do not see Algorand, Polkadot and Cardano in Anchor USD https://www.anchorusd.com/ app, you must update from Google Play Store or Apple App Store.
Supported currencies list –
Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Stellar Lumens (XLM), Litecoin (LTC), Bitcoin Cash (BCH), Ethereum Classic (ETC), Algorand (ALGO), Polkadot (DOT), Cardano (ADA) , EOS (EOS), Augur (REP), Basic Attention Token (BAT), Chainlink (LINK), Tezos (XTZ), Cosmos (ATOM), Dash (DASH), OmiseGO (OMG), 0x (ZRX), Kyber Network (KNC), Multi-collateral DAI (DAI), USD Coin (USDC), and Tether USD (USDT).