Celsius Network the leading crypto interest-earning platform founded by Alex Mashinsky, (Co-founder of VoIP) surpasses the 1billion$ Mark since its inception in 2018.
Mashinsky claimed that 80% of the revenue generated by the platform goes back to depositors and they just keep 20%. The network supported over 23 cryptocurrencies including bitcoin and stable coins like ISDT, TUSd, etc. Depositors can earn up to 10% over Stable coins contradict to traditional banks which merely gives 1% per annum interest Alex said that Banks are making huge profit by the money deposited by customers and in return, they are getting nothing and 90% revenue generated by the traditional banks distributed among the shareholders and Bank. They are literally exploiting the depositors. But by the development of blockchain and Defi, the current scenario can be totally changed and the power can be given back to the people.