Do you want a stable-yet-high-yield return on your crypto investment?? Coinbase has an offer for you. 😌
Buy USDC on Coinbase to receive a 4% return— $COIN cryptocurrencies claim to be backed by fiat currencies like dollars, pounds, etc. The exchange offers impressive rates to challenge conventional “high yield” savings accounts. A competitive rate right now is about 0.5%.
The 4% yield is higher than bank accounts but below lending competitors like BlockFi, which presently offers 8.6% returns on USDC and other stablecoins. 💸
Circle and Coinbase issue the stablecoin; there’s a similar program offered called Circle Yield. The only downside? No FDIC insurance. 😬 The auditable reserve might be strong enough for crypto maxis, though.
Higher return without higher risks…? 😍 Sign us up.