Home Stock Market Crypterium offers the highest APY on stablecoins in the industry until April...

Crypterium offers the highest APY on stablecoins in the industry until April 30 According to peer-to-peer BTC

Crypterium offers the highest APY on stablecoins in the industry until April 30

Decentralized finance promises alternative investment options for those who want to use their money effectively. Instead of choosing a risky strategy related to cryptocurrencies, many people prefer to rely on stablecoins. With the help of Crypterium’s new limit offer, that option became a lot more lucrative.

Making Stablecoins More Attractive On the surface, there are few reasons to be excited about stablecoins. In contrast to cryptocurrencies, stablecoins are volatile, risk-free, but unprofitable. That is, unless one decides to use their stablecoin portfolio for purposes other than traditional trading. Unfortunately, there aren’t many tempting options on the table for decent money, with the exception of a few exchanges that support betting or a DeFi platform that offers highly volatile rates.

Crypterium, the famous fintech startup that’s pushing the boundaries of digital asset finance, aims to change this story. Most people are probably familiar with the brand through its wallet offering, which has been on the market since 2018. The Crypterium wallet focuses on quality financial solutions through blockchain-based assets.

Although Crypterium initially implemented support for traditional wallet services, that situation changed in early 2021. The first step required was taken by introducing smart crypto banking solutions. via savings accounts for many digital currencies. Introducing such a feature for the original, TON and CRPT token has proven viable, as the team is currently expanding support for three popular stablecoins.

High APY on Top Stablecoins Currently, Crypterium wallet users can earn up to 15.6% APY on USDT, USDC, and DAI deposits. This limited campaign will run until April 30, after which APY will revert to more standard. The current market average is 12.5%, making Crypterium’s offer a lot more appealing to risk-averse investors.

More importantly, this offer highlights the difference between traditional finance and the world of crypto. With a standard savings account, people are happy not to face negative interest rates these days. Crypterium, on the other hand, offers a 15.6% rate, though these stablecoins don’t offer any profit potential by default.

As Crypterium serves more than 400,000 customers worldwide, an incentive like this could spur new interest in supported stablecoins. USDT and USDC both have good market cap, but DAI lags slightly behind. The second asset is also different, as it doesn’t rely on fiat reserves to maintain its value. That makes integration into Crypterium’s service even more appealing, as algorithmic stablecoins aren’t always most profitable.

Providing high APY on stablecoins is never a simple feat. Crypterium aims to address this aspect by allowing users to define what “lock” scheme they want to use. Money can be deposited for two or two months. The longer the funds are locked, the higher profits will be. It is a simple system, but allows for user flexibility.

Conclusion: Slow but sure, stablecoins continue to make their mark in the crypto industry. Instead of acting as a means of exchange for crypto assets, one can make a fair amount of profit by keeping these volatile assets for a longer period of time. An APY of 15.6% would be very difficult to overcome, especially since there is no risk in exploring this option. More importantly, there is no minimum or maximum threshold.

The big question is whether other vendors will follow this example. To remain competitive in this context, companies and suppliers must continue to push the boundaries. Crypterium now has a competitive advantage over many companies in the industry, even if the offer is limited to a term.

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