Singapore and global users of Gemini’s lending scheme will get back crypto valued at $2.9b

  • 📰 The Straits Times
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Customers stand to gain from any and all appreciation of their digital assets since they lent them.

Gemini co-founders Tyler and Cameron Winklevoss. In Singapore, all 16,554 Gemini Earn accounts will receive their tokens at 10pm.

In total, 232,000 Earn users are to receive a projected US$2.18 billion of their digital assets in kind, Gemini said in a statement. The Earn programme was an optional crypto lending scheme where the exchange’s customers could lend assets to a third-party crypto borrower Genesis Global. It was offered in Singapore, Hong Kong and the US.

 

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