‘Libra competitor’ Saga token holders can now earn up to 9.9% annual interest

Saga Monetary Technologies, which claims to provide Facebook’s Libra-like stablecoin, has listed its token SGA on crypto lending platform Celsius Network.

Through this arrangement, holders of the SGA coin can earn up to 9.9% interest per annum, Saga announced on Monday. They will also be able to borrow cash or stablecoins against their SGA “at rates as low as 3.45% and use their assets as collateral.”

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The Block

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