What is the safest place to stake stablecoins with nice yield?
Any suggestion for insurance against smart contract failure, hack, etc...?
Different platform can offer you different APR bonus for stake stablecoin . But choosing a safe place is the real work. i can suggest you Binance exchange for stake stablecoin . Although Binance offers relatively low bonuses. Still I think it's a safe place . you can get 8% APR for USDT & BUSD from Binance savings
Maybe you are right. Binance can be a right place to stake stable coin But no one can guarantee that Binance is 100% safe because when you stake a coin, that coin will leave your wallet and you can only see an account of how many coins you have staked but you won't have control over that coin. Maybe because Binance is a trusted exchange, they will never let your money go to a scam. Yet there certainly remains a risk
No one can guarantee any cryptocurrency platform or token is 100% trustworthy. But since Binance is a big exchange platform and they have experience of completing billions of trades every day. So I don't think they will scam for a few dollars. Not only small but big amount stake with them or trading on their platform I don't think they will scam it, I have faith in them because I myself stake 2000 dollars there for a long time.