Financely Group Prepares The Issue Of 50 Million USDC in High Yield Promissory Notes
Financely Group, has entered into an agreement with SQ IXS Capital Management LLC to issue 50,000,000 USD Coin (USDC) in high yield promissory notes for a 60-month term with expected returns averaging 12% RoR.
The 50,000,000 USDC will be placed in a staking pool managed by SQ IXS Capital Management LLC.
The staking rewards will be used by Financely Group to progressively acquire Bitcoin and Ethereum on a daily basis for 60 months.
“The bear market has been a challenging period for most crypto companies,” said Berry Clifton, Head of Derivatives of Financely Group. He further commented “By issuing promissory notes in USDC, we are able to take advantage of the bear market to lock in low-cost financing. We believe this transaction will allow us to better position ourselves when the bull market returns.”
SQ IXS Capital Management LLC is a leading provider of crypto asset management services.
Stablecoins have become a popular way for investors and traders to avoid extreme price volatility in crypto markets.
The initial issuance will be 50 million units with each unit being worth USDC 1.00. The net proceeds from the offering will be transferred to Nexo.
Additional issuances may occur at a later date during 2022 as determined by Financely’s Board of Directors or pursuant to applicable laws or regulations applicable thereto.
The USDC token is redeemable for USD after the lock-up period. We believe that this transaction is a win-win for all parties.
Accredited investors will be able to earn a return on their USDC, and Financely Group will be able to lock in low-cost financing to acquire Bitcoin and Ethereum.
CAUTION: This offer is available to accredited investors only. For more information about this offering, contact Financely Group via firstname.lastname@example.org.
We provide this information as a public service. The information contained in this publication is not intended to be investment advice, and should not be relied upon as such. It does not take into account your personal objectives, financial situation or particular needs. Before making an investment decision, you should consider seeking advice from a qualified financial adviser who can help you assess your specific situation and goals.