Celsius Network decrypts fresh coin

Jul 28, 2020 • Callum Cyrus

Backed by Tether International, Celsius Network offers crypto-secured loans without a credit check denominated in US dollars.

Celsius Network, the US-based cryptocurrency services platform backed by stablecoin issuer Tether International, has closed an $18.8m round, Crowdfund Insider reported on Sunday.

Tether contributed $10m to the round in June 2020 at a $120m pre-money valuation and Celsius had targeted a $30m close. Participants in the latest tranche were not identified.

Founded in 2017, Celsius Network offers cryptocurrency-denominated financing accounts that let customers take out US dollar loans provided by members of its community, using digital assets as…

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