Member-only story
How You Can Find Platforms For Earning 10%+ APY on Stablecoins (With Free Links)
After recent depressing inflation numbers, investors are in a trap: Do we hold on to dollars or dollar-fixed assets and succumb to decreased purchasing power, or do we take risks on our wealth? Here's a way to do both.
They say cash is king. Meanwhile, cash will buy you 8.3% less than it would have one year ago. And this is taking dollars into account. So if you are holding Euros or Yen, your purchasing power is falling further behind. And while Bitcoin seems like a logical long-term solution, do you feel comfortable locking up too much of your portfolio in such a volatile asset?
Enter the stablecoin. Pegged to the US dollar, stablecoins play an essential role in crypto and decentralized finance. There is a spectrum of safety between different stablecoin projects. We know about the UST debacle that cost tens of billions to crypto investors.
So algorithmic stablecoins (like UST) will be at the high-risk end of the spectrum. On the other side would be USDC or BUSD, backed by physical dollars. And in between the two poles, we have the hodge-podge of different projects. From crypto-collateralized to partially…
