Can compound interest be earned on stablecoins and other stable digital currencies?

1 answers

• Apr 30, 2022 · 3 years ago
  Yes, compound interest can be earned on stablecoins and other stable digital currencies. At BYDFi, our lending platform allows users to earn compound interest on their stablecoin deposits. When you deposit your stablecoins into our platform, they are lent out to borrowers who pay interest. This interest is then distributed to lenders, allowing them to earn compound interest on their deposits. The interest is calculated and added to your account on a daily basis, ensuring that your earnings continue to grow over time. It's a great way to make your stablecoins work for you and maximize your returns in the cryptocurrency market.
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