Interest Earning on Stablecoins!

We know that there are many platforms through which we can earn passive income for holding our crypto there. Many exchanges are encouraging users to follow this practice and I believe this is not a bad idea if we can earn some passive reward on the same coin just for holding our digital assets in an exchange wallet. I do understand that reliability is quite important and we just can't keep our crypto in any platform unless it is not reliable. Choosing the right exchange or the protocol is highly important but if some platform is old and reliable then I think we can go ahead and do this.

Today I got an email from one of the biggest exchanges and I hope that you guys can guess the name. Its Binance a most of us are aware of this exchange. This exchange sent me this email and offered some lucrative APR earnings on stable coins which can go up to 18%. This is quite a good interest rate and we just can't earn this much in the traditional market because with USDT the exchange is offering up to 18% of interest. You can check the below snapshot which I have taken from the email itself where three coins are there however USDT offering is higher.

Source-Email

I am someone who believes in passive income sources and I think this looks good. All these three coins are stable so we need not be worried about the market fluctuation because the dollar value will remain the same. We always have the option to redeem the amount anytime we want and interest will be paid accordingly for the period that we have put our coins on stake. The exchange is offering 11% on USDT and on top of that there will be an additional 7% as a bonus for an amount up to 500 usdt. This means if you deposit more than 500 USDP then you will be eligible to get 18% up to 500 USGT and for the remaining amount you will be able to earn only 11%.

This 11% is also not bad because I think you are earning this interest just for keeping your crypto in the exchange wallet which I think is a good source of passive income. If you have liquidity then I think it is worth keeping it there because this can bring you some value for doing nothing and I believe it is a good opportunity to go for it however please do not consider my post as financial advice. If you are going to do it then check if you are eligible or not and also do your research before doing any sort of investment.

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