https://medium.com/compound-finance/announc...ns-83d4484fb82e
QUOTE
Today, we’re proud to announce Compound Treasury, designed for non-crypto native businesses and financial institutions to access the benefits of the Compound protocol.
High-Yield Interest Powered by USDC
Working with Fireblocks and Circle, Compound Treasury has built a product and flow-of-funds that enables Neobanks, Fintech startups, and other large holders of U.S. Dollars to access the interest rates available in the USDC market of the Compound protocol, while abstracting away protocol-related complexity including private key management, crypto-to-fiat conversion, and interest rate volatility. The customer experience is simple:
Wire U.S. Dollars to your Compound Treasury Account, and begin earning a guaranteed, fixed interest rate of 4% per year — orders of magnitude higher than the average U.S. Dollar Savings Account.
Fund and withdraw from your account anytime, with a 24-hour turnaround.
Low minimums, no maximums, and no fixed terms or durations.
Detailed, auditable balance statements available monthly and on-demand.
Compound Treasury has been built to the needs of financial institutions, following many months of customer and regulatory compliance research. We’ve begun onboarding customers, and plan to expand access to Treasury Accounts significantly over the coming months.
Our vision is that Compound Treasury becomes the bridge for non-crypto financial institutions to deliver the core benefits of DeFi to the next billion users, and we are extremely excited to work with our customers to navigate this enormous opportunity.
High-Yield Interest Powered by USDC
Working with Fireblocks and Circle, Compound Treasury has built a product and flow-of-funds that enables Neobanks, Fintech startups, and other large holders of U.S. Dollars to access the interest rates available in the USDC market of the Compound protocol, while abstracting away protocol-related complexity including private key management, crypto-to-fiat conversion, and interest rate volatility. The customer experience is simple:
Wire U.S. Dollars to your Compound Treasury Account, and begin earning a guaranteed, fixed interest rate of 4% per year — orders of magnitude higher than the average U.S. Dollar Savings Account.
Fund and withdraw from your account anytime, with a 24-hour turnaround.
Low minimums, no maximums, and no fixed terms or durations.
Detailed, auditable balance statements available monthly and on-demand.
Compound Treasury has been built to the needs of financial institutions, following many months of customer and regulatory compliance research. We’ve begun onboarding customers, and plan to expand access to Treasury Accounts significantly over the coming months.
Our vision is that Compound Treasury becomes the bridge for non-crypto financial institutions to deliver the core benefits of DeFi to the next billion users, and we are extremely excited to work with our customers to navigate this enormous opportunity.
Jun 29 2021, 08:55 PM

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