2021-07-30 19:46:51
12% APR on Stablecoins - It’s a great alternative to traditional savings, but choose your coin wisely.The crypto money market is booming, and it’s all thanks to the fast-growing field of decentralized finance (DeFi).
Exchanges such as YouHodler and certain others allow traders to lend their cryptocurrency holdings and earn interest on the same. The annual interest rates vary from 7% to 12.3% depending on the tenure of lending and the type of crypto asset. The interest rate on lending is not related to market conditions dissociating from any market-movement-related risks.
Strategies for earning interest on crypto balances have been around for several years, but they have gained a new appeal for customers in recent months as the market for digital currencies has been going up and down like a roller-coaster. Especially because the interest payments go out every week, regardless of the market.
Unlike highly volatile hyped coins (like Bitcoin or Etherium), Stablecoins are for the lack of a better word – stable. They are issued by regulated financial institutions, backed by fully reserved assets, redeemable on a 1:1 basis for US dollars (or Euros, depending on the coin). They don’t jump up and down, keeping the investments safe and sound.
Here’s a comparison list of top-rated Stablecoins and annual returns for them (including USDT/USDC for $ and EURS for €): https://bit.ly/3rGMXG5
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