What are the benefits of UPUSD?
In addition to the key transparency features, eligible holders of UPUSD outside the US may be able to access a potential annual return of up to 10%, through CredEarn*, a third-party application on the Uphold platform.
UPUSD also features these revolutionary attributes:
- Recoverability: Remembering a complex private key may be intimidating for the average bank account holder; UPUSD users can recover their private key and reclaim assets if needed.
- Inheritability: Users will soon be able to nominate beneficiaries who may 'call' the assets after prolonged account dormancy. The exact period of dormancy and the address will be configured during wallet instantiation.
- Full transparency: Every time a user purchases USD on the Uphold platform, they can initiate an exchange and request new minting of UPUSD. The new UPUSD is instantly minted on the Uphold reserve, and a record of this transaction is recorded on the Ethereum blockchain.
*Uphold is not a lender, loan broker, or loan arranger and is not offering anyone advice or assistance in obtaining a loan. CredEarn is a third party product subject to additional terms and conditions. Only certain digital assets are eligible for CredEarn; Not available in all jurisdictions. Uphold does not guarantee any returns.