In this video, we take a look at the recent news that Cryptocom has cut their earn rates for stablecoins by 50%.
Cryptocom is a popular cryptocurrency exchange and wallet service that allows users to store, buy and sell digital assets, as well as earn interest on their holdings.
Cryptocom recently announced a 50% reduction in the interest rates for their stablecoins. This means that users will now earn less interest on their stablecoin holdings than they did before.
The company has cited a number of reasons for the decision, including changes in the market environment, increased competition, and regulatory uncertainty.
Cryptocom has also announced that they will continue to offer competitive interest rates for other digital assets, such as Bitcoin, Ethereum, and other altcoins.
The move has been met with some resistance from users, who feel that the decision was made without sufficient consultation.
It remains to be seen how this decision will affect Cryptocom’s business in the long run, but it is clear that the company is taking steps to remain competitive in an increasingly crowded market.
