Post
Topic
Board Altcoin Discussion
Re: A Stablecoin That Pays You Interest
by
Viviangelio
on 16/09/2021, 09:32:22 UTC
Interest From Stablecoins
A stablecoin is a cryptocurrency whose value is tied to another cryptocurrency, fiat currency, or exchange-based commodity. There are three types of stablecoins – cryptocurrency-backed, fiat-backed, and commodity-backed. Fiat-backed stablecoins like Tether (USDT), USD Coin (USDC), and Binance USD (BUSD) are pegged to the US Dollar (USD) on a 1:1 basis.

TL;DR In comparison, the platform offers much lower rates for Bitcoin and Ethereum – you will have to deal with market volatility as well. I think it's cool!

Source https://blockster.com/blockdesk/1450_interest-from-stablecoins-does-it-make-sense-to-earn-in-this-way