Earning passively through stablecoins

[collins24]

Not many people know that stablecoins can bring about profits passively; they want to be in the action of trading, and sometimes, most are newbies who end up losing their funds. Experienced traders are not left out either.

While learning how to trade or when you have mastered the skill, it is important to have something to fall back on. Holding stablecoins can fetch you yields up to 5% APY, this is without the risk of rug pull, the bear market, or other factors that might affect utility tokens. Stablecoins are not the holy grail, as they can also be exposed to risk, but they are more of a better investment than utility tokens in terms of risk exposure.

Holding stablecoins for passive profits is different from holding them on exchanges; it is more complex than that, but thanks to exchanges, they have made it easy. Below is a chart of the exchanges and their yield products.


While some exchanges offer some good yield; you can DYOR on these yield products and get familiar with them before trying them out. You can also leave your opinion in the comments.

 

[RapidWorkers]

stablecoins are a solid way to earn some passive income without all the trading stress. definitely worth considering while learning the ropes.

 

[Yoram]

Is that 5% per year?

 

[ialexissanchez]

How much profit can we generate by holding this? Any Explanations?

 

[samsymian]

You can do this on KYC exchanges only I guess?

 

[WAndreas]

Why doesn't anyone say the rate is floating? I put on steaking in Bybit, every day the gain is different. I didn't take a fixed rate for long term because it turns out to be even less. In a day you might get 5 cents from 140 dollars, or you might get 1.

 

[collins24]

Is that 5% per year?

For BGUSD, gains are distributed daily, and the next day's reward is based on total holdings, including gains made.

 

[collins24]

How much profit can we generate by holding this? Any Explanations?

It depends on the amount you staked. BGUSD offers a 30-day free subscription period, during which you earn an APY of 5%. After the first 30 days, you make an APY of 4%. The gains are distributed daily and are added to the next day's calculation.

 

[collins24]

You can do this on KYC exchanges only I guess?

You can also do this without exchanges, but the process is hard to grasp. If you lose your money, you have nowhere to complain. You can choose Bitget due to their fast KYC process, or any other exchange based on your research.

 

[collins24]

Why doesn't anyone say the rate is floating? I put on steaking in Bybit, every day the gain is different. I didn't take a fixed rate for long term because it turns out to be even less. In a day you might get 5 cents from 140 dollars, or you might get 1.

That difference is too high, you might want to try out BGUSD first to see the difference. Gains made daily are added to the next day's reward. You can DYOR on this before trying it out.

 

[seomaster5]

Not many people know that stablecoins can bring about profits passively; they want to be in the action of trading, and sometimes, most are newbies who end up losing their funds. Experienced traders are not left out either.

While learning how to trade or when you have mastered the skill, it is important to have something to fall back on. Holding stablecoins can fetch you yields up to 5% APY, this is without the risk of rug pull, the bear market, or other factors that might affect utility tokens. Stablecoins are not the holy grail, as they can also be exposed to risk, but they are more of a better investment than utility tokens in terms of risk exposure.

Holding stablecoins for passive profits is different from holding them on exchanges; it is more complex than that, but thanks to exchanges, they have made it easy. Below is a chart of the exchanges and their yield products.
View attachment 447761

While some exchanges offer some good yield; you can DYOR on these yield products and get familiar with them before trying them out. You can also leave your opinion in the comments.

This should be posted in crypto section. You should ask a moderator to move it to correct section. Then more.members will benefit from this post and it will also get good number of replies.

 

[WAndreas]

That difference is too high, you might want to try out BGUSD first to see the difference. Gains made daily are added to the next day's reward. You can DYOR on this before trying it out.

Do you even understand what you're suggesting? Or are you just continuing to promote Bitget? It's only worse for them when you recommend nonsense, forgetting to talk about the risks. Rates are floating everywhere, they are. Which means you'll get the minimum. Just like on Binance or Bybit, Coinbase, Crypto.com or Cryptomus. Different stackablecoin stacking plans, take your pick. By the way, BGUSD is not a stackcoin.

 

[WAndreas]

BGUSD is not a stackcoin Difficulties of translation.))

​

stablecoins - Difficulties of translation.))
By the way, looked at Binance now, they are offering APR: 10.76% for USDC (up to 100). For today, baybit gave me APR: 6.87% for USDT. I guess I should move to Binance))