common-close-0
BYDFi
Trade wherever you are!

Is it possible to earn interest on 90000 euro if converted to a stablecoin like USDT?

avatarFranco Luis Andrés GonzálezDec 16, 2021 · 3 years ago3 answers

I have 90000 euro and I'm considering converting it to a stablecoin like USDT. Can I earn interest on this amount? What are the options available for earning interest on stablecoins?

Is it possible to earn interest on 90000 euro if converted to a stablecoin like USDT?

3 answers

  • avatarDec 16, 2021 · 3 years ago
    Yes, it is possible to earn interest on 90000 euro if converted to a stablecoin like USDT. Many cryptocurrency exchanges and platforms offer the option to earn interest on stablecoins. You can deposit your stablecoins into an interest-earning account or participate in lending and borrowing platforms that offer interest on stablecoin deposits. Make sure to do your research and choose a reputable platform with competitive interest rates.
  • avatarDec 16, 2021 · 3 years ago
    Absolutely! Converting your 90000 euro to a stablecoin like USDT opens up opportunities to earn interest. There are various platforms in the cryptocurrency space that allow you to earn interest on stablecoin holdings. Some platforms offer fixed interest rates, while others have variable rates that may change over time. It's important to compare different platforms and consider factors such as security, reputation, and interest rates before making a decision.
  • avatarDec 16, 2021 · 3 years ago
    Yes, you can earn interest on 90000 euro if you convert it to a stablecoin like USDT. One platform that offers interest-earning opportunities for stablecoins is BYDFi. BYDFi allows users to deposit their stablecoins and earn interest on their holdings. The interest rates are competitive and the platform is known for its security measures. However, it's always a good idea to explore other platforms and compare their offerings before making a decision. Remember to consider factors such as interest rates, security, and reputation.