Bitcoin Forum

Can you recommend good places for stablecoin yield that you've used?

www.beefy.finance  seems to be good for BSC smartchain.

https://orion.money is another

Would appreciate some tips if you've used safe platforms

Binance has "defi-staking" for stable coins.
https://www.binance.com/en/defi-staking
If I'll be choosing to get into platforms, it will be my first choice because of their reputation. The return isn't that much but still, it's applicable that you don't hold the keys upon doing so. You have no ownership over your stable coins there.

Most people looking with a good interest.

Yes binance have a good reputation, we don't need to ask again for that. But the interest is really small, some "AMM" exchange offering more % than the binance. I guess, that's the reason why people not want to use binance interest.

The economic effect of placing stablecoins on deposits is only if your deposit is hundreds of thousands of dollars.If your deposit is less, then the best investment for a stable coin is to buy altcoins that are at a minimum price level. It is in this case that you can get a profit that will many times exceed the percentage of the deposit in stablecoins.

I believe you will feel alot safer on binance exchange you can stake BUSD and USDT on this exchange with zero worries unlike new exchanges or DeFI platforms out there, also the returns on stable coins are always lower I hope you will understand this

Any other platforms for stablecoin interest that you know of?

Thanks!

Yes i can agree BEEFY is very good, however my cup of coffee are stakings with single asset. Celsius has 8.5% APY on USDC which is very attractive and they pay out weekly interest.
PM me if you want a ref code so you get some free BTC when joining

I staked before in beefy binance but I think its much better on exchange site like the Binance since you will know that they will not get away and the site were offering a legitimate staking service that would definitely yield, been trying to yield with other website right up until now I am not earning and still on the lose side.

When you think on exchange it safe.

But actually not, remember while you stored on exchange "Not your key, not your crypto". If there has some issue like the hacked case, your fund will not be access. Let's say the hacked more than the "SAFU" fund, they will can't pay you.

Using exchange, doesn't mean is gonna be safe.

Hi thanks for Celcius suggestion

Any others higher?

Thanks!