Zodia Custody launched Zodia Rewards for institutional clients, addressing challenges in the custody and transaction fees associated with stablecoins. The program offers waived custody fees on eligible stablecoins, tiered discretionary rewards based on asset balances, and the use of eligible tokens as collateral for various operations. The initiative aims to enhance the use of stablecoins beyond crypto markets by promoting cross-border payments and offering financial incentives for asset utilization, thereby unlocking potential capital efficiencies in various financial operations.
Stablecoins are being adopted far beyond crypto capital markets, emerging as a tool to complement traditional financial rails for cross-border payments. We see this value, and as a custodian, we want to play our part to help unlock further capital efficiencies said Anoosh Arevshatian, Chief Product Officer at Zodia Custody.
We believe that in addition to their use in cross-border payments, there are further use cases for stablecoins as a means of collateral for borrowing and trading purposes, as well as for treasury operations. Our new Zodia Rewards programme directly enables this by removing the barriers - waiving custody fees on eligible tokens and incentivising clients to utilise them as intended.
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