FAQs Frequently Asked Questions
Crypto Report
TradeStation is paying 6% interest on Stable Coin. It's using the symbol USDC. This seems to good to be true. What am I missing or is this a solid investment?
By providing liquidity, it greatly benefits the cryptocurrency in question which is why some pay far more than 6%. USDC is one of the most rock solid cryptocurrencies so it pays one of the lowest yields, but in a world of near zero and negative rates of interest, 6% is king.
Keep in mind there are always risks when it comes to investing in crypto though USDC because it is regulated is a safer alternative to USDT. There is also the risk of impermanent loss though the risk applies to making less yield than what is quoted. The principle itself should not be at risk unless a black swan situation occurs such as the exchange on which it sits is frozen by authorities.
Keep in mind there are always risks when it comes to investing in crypto though USDC because it is regulated is a safer alternative to USDT. There is also the risk of impermanent loss though the risk applies to making less yield than what is quoted. The principle itself should not be at risk unless a black swan situation occurs such as the exchange on which it sits is frozen by authorities.
| First published: | 4 Apr 2021 |
| Last updated: | 4 Apr 2021 |