Intellabridge Technology Corporation Announces
New Bridge to Ethereum Ecosystem
Menlo Park, California; Vancouver, British Columbia,
Canada; and Boulder, Colorado -- September 30, 2021 --
InvestorsHub NewsWire -- Intellabridge Technology Corporation
("Intellabridge") is pleased to announce the launch of a major
industry initiative bridging the Ethereum and Terra blockchains
together. Kash now offers customers the ability to deposit
Ethereum-based US Dollar stablecoins into their Kash savings
accounts and receive up to 16% interest.
With this new Ethereum gateway, Kash DeFi banking is now open
to more than $33 Billion US Dollars of Ethereum stablecoins,
including $27 Billion of USD Coin
(USDC), founded by Coinbase and Circle, and $6 Billion
of DAI
founded by MakerDAO.
Intellabridge also expects to be adding Binance USD
(BUSD) and Tether
(USDT), which opens Kash to an additional $12 Billion of BUSD
and $65 Billion of Tether of stablecoin assets.
Providing customers with the ability to earn up to 16%
interest on Ethereum-based stablecoins marks an important step
forward for Intellabridge's strategy to give Ethereum customers the
benefits of the Terra Ecosystem on the Kash platform.
"After several months of development, we're excited to launch
this bridge and open the market for Ethereum customers," said John
Eagleton, CEO of Intellabridge. "Our goal is to give people in the
Ethereum ecosystem an easy way to deposit their stablecoins and
earn one of the highest stable interest rates in the DeFi
market."
To sign up for the Kash and begin earning interest on
Ethereum and Terra stablecoins, visit www.kash.io.
About
Intellabridge Technology Corporation
Intellabridge
Technology Corporation (CSE:
INTL) (OTCQB:
CRBTF) (FSE: 98AA) is a digital bank based on blockchain
technologies that provides retail and institutional investors with
access to decentralized financial applications with additional
layers of cybersecurity and customer service. Intellabridge offers
depositors self-custody services to empower them with complete
transparency and control over their accounts through its
institutional-grade platform. The Kash product features DeFi
interest-bearing savings vaults, stablecoin checking, fiat-crypto
exchange, synthetic stock, ETF and commodity trading, and other
DeFi banking services, with plans to offer debit cards, virtual
cards, Apple Pay, Google Pay.
The Kash
platform is available on web and mobile at www.kash.io.
For more information on Intellabridge, visit www.intellabridge.com.
ON BEHALF OF THE BOARD of DIRECTORS
INTELLABRIDGE TECHNOLOGY CORPORATION
"Maria Eagleton"
Maria Eagleton, COO
To contact Intellabridge:
Website: intellabridge.com
Phone: +1-303-800-5333
Email: maria@intellabridge.com
The CSE does not accept responsibility for the adequacy or
accuracy of this release.
Forward-Looking Statements
This news release contains certain forward-looking
information and forward-looking statements within the meaning of
applicable securities legislation (collectively "forward-looking
statements"). The use of any of the word "will" and similar
expressions are intended to identify forward-looking statements.
These statements involve known and unknown risks, uncertainties and
other factors that may cause actual results or events to differ
materially from those anticipated in such forward looking
statements. Such forward-looking statements should not be unduly
relied upon. Actual results achieved may vary from the information
provided herein as a result of numerous known and unknown risks and
uncertainties and other factors. The Company believes the
expectations reflected in those forward-looking statements are
reasonable, but no assurance can be given that these expectations
will prove to be correct. The Company does not undertake to update
these forward-looking statements, except as required by
law.