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CoinFlex to Issue New Coin Named rvUSD to Raise $47M
source link: https://nextbigwhat.com/coinflex-to-issue-new-coin-named-rvusd-to-raise-47m/
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Cryptocurrency exchange CoinFlex on Tuesday issued a new token to raise funds in a bid to restart withdrawals for its customers, after one client failed to repay a massive debt.
CoinFlex said it would issue $47 million worth of a digital coin, offering 20% interest, which it’s calling Recovery Value USD, or rvUSD.
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