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MyConstant is an online multi-cryptocurrency wallet designed for those interested in lending and borrowing. Users can deposit over 80 supported cryptocurrencies and stablecoins into their MyConstant wallet, with attractive earning opportunities, including a competitive 12.5% APY on USDT and USDC deposits. The wallet acted as a hub for financial transactions, allowing users to create deposit orders easily by copying the wallet address or scanning a QR code, enhancing convenience and user experience.
Recent updates regarding MyConstant indicate that operations have been suspended, with customer withdrawals currently paused according to their Terms of Service. This situation is a response to ongoing challenges faced by the platform, including a class action lawsuit that has impacted the possibility of further distributions. While the wallet has halted processing any new deposits or investment requests, the platform continues to manage existing customer distributions from prior claims.
Despite these setbacks, MyConstant remains focused on resolving existing issues and providing updates to its user base. The wallet not only facilitated crypto-backed loans but also ensured that borrower compliance and loan repayments were adequately managed. Whether dealing with distributions or loan servicing, MyConstant aims to maintain transparency and support for its customers during these challenging times in the cryptocurrency market.
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