KuCoin Cuts XAUt Annualized Rate by More Than Half

KuCoin has made an adjustment to its XAUt annualized rate, reducing it from 21% to 9.66%. The change was expected by some users, who are now redeeming their holdings.

This shift may temporarily impact the annualized reward for those holding XAUt, but according to KuCoin, it is likely to increase to over 10% in about a week due to the redemption process.

Interestingly, the redemption processing time has been listed as up to 7 days, and it appears that everyone will indeed receive their rewards within this timeframe.