How does BlockFi's savings account work with GUSD?
Christopher MacatangayDec 25, 2021 · 3 years ago3 answers
Can you explain how BlockFi's savings account works with GUSD in detail?
3 answers
- Dec 25, 2021 · 3 years agoBlockFi'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.
- Dec 25, 2021 · 3 years agoBlockFi'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.
- Dec 25, 2021 · 3 years agoWith 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.
Related Tags
Hot Questions
- 95
What are the best practices for reporting cryptocurrency on my taxes?
- 81
How can I protect my digital assets from hackers?
- 79
How does cryptocurrency affect my tax return?
- 73
Are there any special tax rules for crypto investors?
- 48
What is the future of blockchain technology?
- 45
What are the best digital currencies to invest in right now?
- 42
What are the tax implications of using cryptocurrency?
- 34
How can I buy Bitcoin with a credit card?