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What is the interest rate for Gemini Dollar?

avatarLewis Lim Lewis Lin YitzheJan 02, 2022 · 3 years ago3 answers

Can you please provide information about the interest rate for Gemini Dollar? I am interested in knowing how much interest I can earn by holding Gemini Dollar in my wallet.

What is the interest rate for Gemini Dollar?
Gemini Dollar
Interest Rate
Cryptocurrency

3 answers

  • avatarJan 02, 2022 · 3 years ago
    The interest rate for Gemini Dollar is currently 0%. Gemini Dollar is a stablecoin that is pegged to the US dollar, so it does not generate any interest. However, it provides stability and can be used for various purposes in the cryptocurrency ecosystem.
  • avatarJan 02, 2022 · 3 years ago
    Unfortunately, Gemini Dollar does not offer any interest on holdings. It is designed to maintain a 1:1 peg with the US dollar, so there is no interest component involved. However, it is widely accepted and can be used for trading, payments, and other transactions within the cryptocurrency space.
  • avatarJan 02, 2022 · 3 years ago
    BYDFi, a popular decentralized finance platform, offers an interest rate of 5% on Gemini Dollar holdings. You can earn passive income by lending your Gemini Dollar on the BYDFi platform. It's a great way to make your crypto assets work for you while maintaining the stability of the Gemini Dollar.

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