Can You Earn More Than 0.15% on Your USDC?
Stock investors tend to view cryptocurrency as the Wild West of speculation, and the outsize volatility does seem to bear that out. However, income investors are starting to take on more risk in this low interest rate environment for a chance at far more substantial payouts.
The key for income investors who want to earn high interest in crypto with a steady price on their initial investment is to focus on stablecoins. One of the more popular stablecoins is USD Coin (CRYPTO: USDC), a Coinbase Global (NASDAQ: COIN) investment that can always be swapped 1-to-1 for U.S. dollars. Unlike some stablecoins that have slight fluctuations, USD Coin -- or USDC for short -- has been locked at a price of $1, and as long as Coinbase is financially viable it should remain that way. There is currently more than $34 billion of USDC in circulation.
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Source Fool.com
