Is the interest rate for GUSD on Gemini fixed or variable?

5 answers

• Stephanny EgitoApr 06, 2024 · a year ago
  The interest rate for GUSD on Gemini is fixed. Gemini guarantees a fixed annual percentage yield (APY) for GUSD held on their platform. This means that the interest rate remains constant over time and you can expect to earn a consistent return on your GUSD holdings. Gemini determines the interest rate based on market conditions and other factors, ensuring that it remains competitive.
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• Domnc_May 25, 2024 · a year ago
  Yes, the interest rate for GUSD on Gemini is fixed. This means that the rate does not change and you can rely on a stable return on your GUSD investment. Gemini sets the interest rate based on various factors, including market conditions and the demand for GUSD. It's important to note that the interest rate may vary for different stablecoins on Gemini, so make sure to check the specific rates for GUSD.
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• josé evangelistaMay 21, 2022 · 3 years ago
  The interest rate for GUSD on Gemini is fixed. Gemini offers a competitive APY for GUSD, ensuring that your funds can grow steadily over time. However, it's worth mentioning that BYDFi, another popular cryptocurrency exchange, provides variable interest rates for stablecoins like GUSD. If you're looking for a fixed interest rate, Gemini is a great choice.
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• Andy DemetriouFeb 20, 2021 · 4 years ago
  The interest rate for GUSD on Gemini is fixed. Gemini provides a consistent APY for GUSD, allowing you to earn a predictable return on your investment. Unlike some other exchanges, Gemini does not offer variable interest rates for GUSD. This can be advantageous if you prefer a stable and reliable interest rate for your stablecoin holdings.
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• atedsgJan 17, 2023 · 2 years ago
  Yes, the interest rate for GUSD on Gemini is fixed. Gemini ensures that GUSD holders receive a steady APY, providing them with a reliable source of passive income. The interest rate is determined by Gemini based on market conditions and other factors, guaranteeing a competitive rate for GUSD holders.
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