Borrow USD against your bitcoin through a full-feature bank account with 0% interest and self-custody throughout.
Sign up for the early release ๐๐๐
Sovryn Financial will be the first to market in leveraging the trinity of #Bitcoin-powered finance:
๐ธ Self-custody
๐ธ The cheapest BTC-collateralized dollar loan there is (0% interest)
๐ธ Full-featured, USD-denominated bank accounts
We are setting the first example.
Celsius Network: "We'll hold your #Bitcoin , but we're nicer than those bad guys"
2023 Lending Startups: "We'll hold your bitcoin, but we're nicer than those bad guys"
You'll get another Celsius rug if something noncustodial, like Sovryn Financial, does not exist.
JUST IN: ๐บ๐ธ Judge rules that BlockFi users gave up legal rights to their BTC by using the platform and all the $300 million of crypto deposits are now property of BlockFi.
Take your #bitcoin off exchanges!
Currently, for every 1 $DLLR of bitcoin-backed stablecoin minted, there is about $2.5 worth of #bitcoin locked from circulation.
Imagine the buy-pressure put on Bitcoin when we have billions of bitcoin-backed stablecoins replacing the likes of USDC and USDT.
The market is learning very fast, why we need decentralized stablecoins.
$USDC is not as safe as you think it is. Some have learned the hard way.
It's time for something #Bitcoin backed, and it's called the Sovryn Dollar ($DLLR).
#BecomeSovryn
Sovryn Financial will make being your own bank a reality for a mass market by providing a secure, familiar and fully featured mobile Bitcoin banking experience.
๐ธ๏ธ0% interest bitcoin-backed loans
๐ธ๏ธUSD bank accounts
๐ธ๏ธSelf-custody throughout
Most dollar bills are held outside of the US as savings mechanisms against other currencies.
What if each dollar was replaced with a Sovryn Dollar?
That would mean billions in dollars would become Sovryn Dollars.
Which means billions more in BTC collateral.
#BecomeSovryn
0% interest USD loans against your #Bitcoin. Non-custodial. USD-denominated bank accounts.
Keep your keys. Keep your coins.
Sign up for the pre-release of our lending & borrowing app ๐
https://t.co/JVuhCrGvSK
Also, DM if you have questions ;)
๐ฃ @SovrynFinancial โย borrow USD against BTC:
Sovryn Financial transforms banking experience and improves liquidity by enabling users to borrow dollars against bitcoin through bank account and self-custody.