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.
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.
