Platform | Reviews | Features / TVL | Interest Rate | |||
---|---|---|---|---|---|---|
CeFi
United States
94%
Compare
|
$10 free Bitcoin when you buy or sell more than $100. View all Coinbase deals
|
2.83%
APY
Interest paid DAILY
|
Go To SiteGo | |||
CeFi
Lithuania
94%
Compare
|
10% off fees 10% off trading fees. CodeClick to Reveal Code View all Binance deals
|
UP TO
6.28%
APY
Interest paid DAILY
|
Go To SiteGo | |||
CeFi
Hong Kong
90%
Compare
|
$50 free CRO when you deposit $1,000 or more in CRO. CodeClick to Reveal Code View all Crypto.com deals
|
UP TO
0.55%
APR
Interest paid WEEKLY
|
Go To SiteGo | |||
CeFi
United Kingdom
80%
Compare
|
£10 Free BTC when you buy or sell £100 in crypto. CodeClick to Reveal Code View all Luno deals
|
7.6%
APR
Interest paid MONTHLY
|
Go To SiteGo | |||
DeFi
98%
Compare
|
|
UP TO
7.02%
APY
Interest paid DAILY
|
Go To SiteGo | |||
CeFi
Bulgaria
78%
Compare
|
$25 Free BTC When you deposit $100 or more in assets on the platform. View all Nexo deals
|
UP TO
20%
APR
Interest paid DAILY
|
Go To SiteGo | |||
DeFi
88%
Compare
|
|
UP TO
20.7%
APY
Interest paid DAILY
|
Go To SiteGo | |||
CeFi
Estonia
87%
Compare
|
Earn 0.1% cashback on every exchange and loan + 0.05% monthly cashback on savings. View all Coinloan deals
|
UP TO
12.3%
APY
Interest paid MONTHLY
|
Go To SiteGo | |||
DeFi
66%
Compare
|
|
UP TO
80.8%
APY
Interest paid DAILY
|
Go To SiteGo | |||
CeFi
Singapore
78%
Compare
|
Free 70 USDT When you deposit $11,000. CodeClick to Reveal Code View all Hodlnaut deals
|
UP TO
7%
APR
Interest paid WEEKLY
|
Go To SiteGo | |||
DeFi
66%
Compare
|
|
UP TO
1010%
APY
Interest paid DAILY
|
Go To SiteGo | |||
DeFi
95%
Compare
|
|
UP TO
620%
APY
Interest paid DAILY
|
Go To SiteGo | |||
DeFi
83%
Compare
|
|
UP TO
0.338%
APY
Interest paid DAILY
|
Go To SiteGo | |||
CeFi
Switzerland
91%
Compare
|
|
8%
APR
Interest paid WEEKLY
|
Go To SiteGo | |||
CeFi
Canada
58%
Compare
|
$25 USDC cashback when you take out a loan. View all Ledn deals
|
8%
APY
Interest paid MONTHLY
|
Go To SiteGo | |||
DeFi
82%
Compare
|
|
UP TO
80.9%
APY
Interest paid DAILY
|
Go To SiteGo | |||
DeFi
66%
Compare
|
|
UP TO
60.3%
APY
Interest paid DAILY
|
Go To SiteGo | |||
DeFi
68%
Compare
|
|
UP TO
36.1%
APY
Interest paid DAILY
|
Go To SiteGo | |||
DeFi
72%
Compare
|
|
UP TO
7.3%
APY
Interest paid DAILY
|
Go To SiteGo | |||
DeFi
70%
Compare
|
|
UP TO
29.9%
APY
Interest paid DAILY
|
Go To SiteGo | |||
CeFi
United Kingdom
79%
Compare
|
$100 USDC free Get $100 free in USDC when you deposit $2,000. CodeClick to Reveal Code View all AQRU deals
|
1%
APY
Interest paid EVERY SECOND
|
Go To SiteGo | |||
DeFi
69%
Compare
|
|
UP TO
22.3%
APY
Interest paid DAILY
|
Go To SiteGo | |||
DeFi
United Kingdom
68%
Compare
|
|
UP TO
4.05%
APY
Interest paid DAILY
|
Go To SiteGo | |||
DeFi
58%
Compare
|
|
UP TO
632%
APY
Interest paid DAILY
|
Go To SiteGo | |||
DeFi
77%
Compare
|
|
UP TO
63.1%
APY
Interest paid DAILY
|
Go To SiteGo | |||
DeFi
80%
Compare
|
|
UP TO
6.04%
APY
Interest paid DAILY
|
Go To SiteGo | |||
DeFi
40%
Compare
|
|
10.2%
APY
Interest paid DAILY
|
Go To SiteGo | |||
DeFi
96%
Compare
|
|
UP TO
34.4%
APY
Interest paid DAILY
|
Go To SiteGo | |||
DeFi
77%
Compare
|
|
UP TO
99.2%
APY
Interest paid DAILY
|
Go To SiteGo | |||
DeFi
80%
Compare
|
|
UP TO
34.6%
APY
Interest paid DAILY
|
Go To SiteGo | |||
DeFi
87%
Compare
|
|
UP TO
19.9%
APY
Interest paid DAILY
|
Go To SiteGo | |||
DeFi
60%
Compare
|
|
UP TO
55.1%
APY
Interest paid DAILY
|
Go To SiteGo | |||
DeFi
83%
Compare
|
|
UP TO
42.2%
APY
Interest paid DAILY
|
Go To SiteGo | |||
DeFi
90%
Compare
|
|
89.3%
APY
Interest paid DAILY
|
Go To SiteGo | |||
DeFi
97%
Compare
|
|
UP TO
5.09%
APY
Interest paid DAILY
|
Go To SiteGo | |||
DeFi
94%
Compare
|
|
6.05%
APY
Interest paid DAILY
|
Go To SiteGo | |||
DeFi
100%
Compare
|
|
UP TO
8.74%
APY
Interest paid DAILY
|
Go To SiteGo | |||
DeFi
5%
Compare
|
|
UP TO
6.55%
APY
Interest paid DAILY
|
Go To SiteGo | |||
DeFi
90%
Compare
|
|
12.5%
APY
Interest paid DAILY
|
Go To SiteGo | |||
DeFi
Compare
|
|
6.07%
APY
Interest paid DAILY
|
Go To SiteGo | |||
DeFi
Compare
|
|
10.9%
APY
Interest paid DAILY
|
Go To SiteGo | |||
DeFi
Compare
|
|
16%
APY
Interest paid DAILY
|
Go To SiteGo | |||
DeFi
Compare
|
|
UP TO
24.1%
APY
Interest paid DAILY
|
Go To SiteGo | |||
DeFi
Compare
|
|
UP TO
117%
APY
Interest paid DAILY
|
Go To SiteGo | |||
DeFi
Compare
|
|
18.4%
APY
Interest paid DAILY
|
Go To SiteGo | |||
DeFi
Compare
|
|
UP TO
7.61%
APY
Interest paid DAILY
|
Go To SiteGo | |||
DeFi
Compare
|
|
UP TO
17.6%
APY
Interest paid DAILY
|
Go To SiteGo | |||
DeFi
Compare
|
|
UP TO
1.62%
APY
Interest paid DAILY
|
Go To SiteGo | |||
DeFi
Compare
|
|
UP TO
39.3%
APY
Interest paid DAILY
|
Go To SiteGo | |||
DeFi
Compare
|
|
UP TO
10.5%
APY
Interest paid DAILY
|
Go To SiteGo | |||
DeFi
Singapore
Compare
|
|
UP TO
169%
APY
Interest paid DAILY
|
Go To SiteGo | |||
DeFi
Compare
|
|
UP TO
22.1%
APY
Interest paid DAILY
|
Go To SiteGo | |||
DeFi
Compare
|
|
UP TO
137%
APY
Interest paid DAILY
|
Go To SiteGo | |||
DeFi
Compare
|
|
UP TO
21.1%
APY
Interest paid DAILY
|
Go To SiteGo | |||
DeFi
Compare
|
|
UP TO
22.7%
APY
Interest paid DAILY
|
Go To SiteGo | |||
DeFi
Compare
|
|
UP TO
13.1%
APY
Interest paid DAILY
|
Go To SiteGo | |||
DeFi
Compare
|
|
6.76%
APY
Interest paid DAILY
|
Go To SiteGo | |||
DeFi
Compare
|
|
UP TO
19.6%
APY
Interest paid DAILY
|
Go To SiteGo | |||
DeFi
Compare
|
|
UP TO
6.54%
APY
Interest paid DAILY
|
Go To SiteGo | |||
DeFi
Compare
|
|
UP TO
3.96%
APY
Interest paid DAILY
|
Go To SiteGo | |||
DeFi
Compare
|
|
UP TO
57.1%
APY
Interest paid DAILY
|
Go To SiteGo | |||
DeFi
Compare
|
|
UP TO
57.2%
APY
Interest paid DAILY
|
Go To SiteGo | |||
DeFi
Compare
|
|
UP TO
155%
APY
Interest paid DAILY
|
Go To SiteGo | |||
DeFi
Compare
|
|
7.57%
APY
Interest paid DAILY
|
Go To SiteGo | |||
DeFi
Compare
|
|
11.2%
APY
Interest paid DAILY
|
Go To SiteGo | |||
Stablecoins are a type of cryptocurrency that is designed to track the value of a non-crypto asset, for example fiat currencies such as the US Dollar, or a physical asset such as gold.
Whilst many cryptocurrencies such as Bitcoin offer features that make them a compelling investment choice, they do remain quite volatile in price. Some investors may choose to move part of their investment into a stablecoin as a means of protecting their wealth if they think the crypto market is falling.
Others may deliberately hold part of their portfolio in stablecoins in order to generate passive income from the high savings yields available, or to enable them to quickly move funds between exchanges to take advantage of arbitrage opportunities (difference in prices) between the exchanges.
Defi platforms offer stablecoin staking besides other crypto staking. You can send fiat currencies to the defi and centralized crypto platforms and earn interest by holding them in a saving account.
The Federal Reserve of the United States issued Dollars and followed an expansive fiscal policy during the pandemic. Inflation rates have new highs and prices are going up constantly in the United States. This is very new for Americans. Interest rates offered by traditional banks are not satisfying anymore in 2021.
Defi platforms offer very competitive rates for stablecoins staking with very flexible terms and conditions. There are advantages and disadvantages of Defi platforms compared to traditional banks.
There are three main ways that stablecoins keep their value constant against non-crypto assets (e.g. the US Dollar):
One of the biggest appeals of the cryptocurrency space is its decentralised nature. No central controlling entity makes many cryptocurrencies highly censorship resistant and immune to government interference in their value.
When it comes to stablecoins some of these decentralisation benefits can be lost because a centralised issuing entity exists that manages the collateral.
For example one of the most popular and oldest stablecoins, Tether (USDT) is issued by a company, Tether Ltd. As a business that is holding traditional collateral on behalf of investors, Tether Ltd is required to comply with all the various money laundering and KYC rules. Whilst governments would argue that these rules are designed to protest investors, it does mean that Tether Ltd could freeze your funds if required to do so.
The crypto community recognises the centralisation problem that comes with some stablecoins and has established a number of innovative decentralised alternatives. MakerDAO is a Decentralised Autonomous Organisation (DAO) and as such there is no central entity. MakerDAO issues its own stablecoin, DAI, on the Etheruem blockchain. The value of the coin is automatically stabilised by smart contracts on the Ethereum blockchain meaning that no single entity is in control.
Savings interest rates for stablecoins are amongst the highest available across all cryptocurrencies. The reason that platforms offer such high rates for stablecoins is that they have high demand for loans denominated in these currencies, particularly from institutional investors that are looking to borrow stablecoins in order to increase their leverage on speculative cryptocurrency trades.
Stablecoins have a much higher APR compared to fiat currencies. Crypto platforms offer interest rates up to 12% APR for stablecoin staking. Traditional banks offer very low APR. Enjoying the high yield available through stablecoin staking is a great way of fighting inflation.
The best thing about stablecoins is they have a stable price. The price of a stablecoin doesn’t fluctuate as the other cryptocurrencies make sharp moves. You can always withdraw stable coins to your bank account or send someone. There are many apps allowing you to send stablecoins. There are crypto debit and credit cards where you can spend stablecoins.
But of course, low risk brings a smaller yield. Make good research before deciding how you will use your savings. Make good research about the stablecoins issuer company.
Stablecoins are issued by private companies. They are not regulated and not federally protected. You should be aware of that before you invest in stablecoins. Especially centralized platforms can suddenly interfere with your and block your funds. They can require you to do identity verification and KYC. Go to our Platforms page and learn more about centralized and decentralized platforms before deciding to open a stable coin saving account.
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