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How does BlockFi's savings account work with GUSD?

avatarChristopher MacatangayDec 25, 2021 · 3 years ago3 answers

Can you explain how BlockFi's savings account works with GUSD in detail?

How does BlockFi's savings account work with GUSD?

3 answers

  • avatarDec 25, 2021 · 3 years ago
    BlockFi's savings account allows users to earn interest on their GUSD holdings. When you deposit GUSD into your BlockFi savings account, BlockFi lends out the funds to institutional and corporate borrowers. In return, you earn interest on your GUSD holdings. The interest rates are competitive and are paid out monthly. It's a great way to put your GUSD to work and earn passive income.
  • avatarDec 25, 2021 · 3 years ago
    BlockFi's savings account is a secure and convenient way to earn interest on your GUSD. The interest rates are higher than traditional savings accounts, and you can withdraw your funds at any time. It's a great option for those who want to earn passive income on their GUSD holdings without the need for active trading.
  • avatarDec 25, 2021 · 3 years ago
    With BYDFi's savings account, you can earn interest on your GUSD holdings. BYDFi offers competitive interest rates and flexible withdrawal options. It's a reliable platform for earning passive income on your GUSD.