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Pebble Money
Information by Research TrustFinance
Pebble Money was a financial technology company that aimed to help users save money and combat inflation. Launched as an alternative to traditional savings accounts, the app allowed users to deposit US dollars, which were then converted into the USDC stablecoin. Pebble generated high-yield returns by lending these stablecoins to regulated financial institutions and passed a 5% APY back to the user. The company emphasized ease of use, instant transfers, and a rewards program. On November 16, 2022, Pebble Money shut down its app, and the company and its team were subsequently acquired by Inflow, another fintech company.
United Kingdom
Industry
Financial