In the words of Ilya Volkov, “ I want to bring [fiat and crypto] services over to Web3. To do this, we will build smooth and easy-to-use bridges.”
Crypto platform YouHodler announced its plans to integrate fiat and crypto services into its app to bridge the gap between the two markets.
YouHodler already provides several of these crypto services on its platform. These include yield-bearing accounts, crypto-backed loans, and the recently announced Dual Assets product.
According to its website, YouHodler will add support for on-chain staking on Ethereum (ETH), Avalanche (AVAX), and Solana (SOL) in January 2023. YouHodler is also developing physical credit cards that allow users to make purchases in fiat and crypto. These cards will be launched in a month’s time.
The firm plans to release its native coin, the YouHodler token (YHDL), and a Dapp browser that will be accessible from the YouHodler wallet in the coming months. It will also launch investment solutions for bonds such as US T-Bond, UK Long Gilt, and German Bund by early 2023.
In a recent interview, Ilya Volkov, the CEO of YouHodler, claimed that the platform’s future lies in Web3 banking. He said that the next step in the “crypto revolution” is to bridge the gap between fiat and crypto, adding,
“We are doing it all in one place. CeFi, DeFi, TradFi, fiat, and crypto. It’s all here and it’s all on our app.”
Ilya noted that by launching a “Web3 Bank,” YouHodler will provide custodial and non-custodial wallets to allow users to make payment in any currency. YouHodler is in the process of acquiring a Swiss FinTech license. It also plans to form partnerships with banking institutions to establish an all-in-one crypto and fiat platform.
“We are not only making crypto for everyone but finance for everyone.”
