Earning passive income through stablecoins can be done on these platforms!

Earning passive income through stablecoins can be done on these platforms

Do you have realized gains held in stablecoins? Do you think that a downturn is coming in the market and at the same time you would like to make extra money during this time? Here, platforms come to help to ensure your stablecoins will be working for you. Let’s take a look at a few of them.

Blockfi

Blockfi is one of the most popular apps of its kind on the market. It allows you to earn passive income in stablecoins like Gemini Dollar (GUSD), Tether (USDT), Binance USD (BUSD), Pax Dollar (USDP), Paxos Gold (PAXG), and USDC and DAI. It is considered to be one of the safest in the market. The results that can be drawn from locking stablecoins in contracts reach up to 9.5% per year. Of course they are not the same for all coins. However, the more popular the coin, the higher the potential returns.

Celsius

When it comes to stablecoin wealth, there is definitely plenty to choose from in the Celsius app. In addition to the coins found in Blockfi, in the case of Celsius you can also earn stablecoins based on the pound sterling (TGBP), Australian dollar (TAUD), Hong Kong dollar (THKD) and Canadian dollar (TCAD). The profits we can draw amount to 8.5% per year. They can be increased by using the Platinum account. Then they rise up to even 10.73%.

Anchor

Anchor is an interesting competitor for the above. Although this platform allows you to earn passively only on one coin, which is TerraUSD (UST), the profits from investments can outshine all the previous ones. We are talking about 19.5% here. This is a solution worth considering if you want to increase your income and at the same time diversify your portfolio between different platforms.

Convex Finance

Another solution that catches your attention is Convex Finance. One gets the impression that the stablecoin selection here is a bit more exotic. Apart from the most well-known ones such as Tether (USDT), Binance USD (BUSD) and Pax Dollar (USDP) you will also come across DefiDollar (DUSD), HUSD, or mStable USD (MUSD). There are also quite a few coins based on other currencies such as Euro, Swiss Franc, or Pound Sterling. The possible returns are as high as 25%. When you are a Curve DAO Token (CRV) holder, you can get additional benefits.

A range of possibilities

As you can see from the examples above, the market provides us with many solutions. It is worth seeing how each of them works for yourself. Let’s remember not to forget about the safety of our funds in the pursuit of potentially high returns. By freezing our funds in a smart contract we will minimize the risk of losing them.

Disclaimer: Blockbulletin does not take accountability of investments based on the information of the website. We highly advice readers to make extensive research prior to any invest

Share this article

More news

All articles loaded
No more articles to load

Learn

Cryptocurrency wallets

Cryptocurrency wallets

We talked about security when trading crypto assets in an article titled “Online security“. We also mentioned how important it…
hardware wallets

Cryptocurrency hardware wallets

From the article titled “Cryptocurrency wallets” you learned about the different types of wallets. They were briefly characterized there. Let’s…
Where to buy cryptocurrency brokers

Which cryptocurrency Brokers to use

In the article “Where to Buy Cryptocurrencies (Exchanges)“, we introduced you to which exchange platforms you can purchase cryptocurrencies on.…
Trading cryptocurrencies

Trading cryptocurrency

In the cryptocurrency market, you face many opportunities to invest in cryptocurrency or buy or sell cryptocurrency. If you want…
All articles loaded
No more articles to load

Analyses

All articles loaded
No more articles to load

Latest news

All articles loaded
No more articles to load