When you move funds into your Sterling Boost account from your Ziglu sterling cash account, you exchange your pounds sterling into a sterling stablecoin called TrueGBP (TGBP). TGBP is linked one-to-one to sterling, meaning that its value is tied to the value of sterling.
We then borrow that TGBP from you. We partner with leading lending platforms, who lend the TGBP to institutional investors, such as hedge funds, who have a specialised requirement for using TGBP.
Lending your stablecoin generates a return, which we pass back to you. This return is equivalent to an annual percentage rate of 5%. We calculate the interest on your account every second.