Argentinsk kryptovalutabörs Buenbit lanserar Stablecoin-avkastningsinstrument

Det kommer bli bra, en av de ledande argentinska kryptovalutabörserna, meddelade att två stablecoins inkluderades i sitt nuvarande avkastningsprogram. Företaget kommer att tillåta sina kunder att tjäna avkastning på upp till 11% annually on their USDC and USDT funds, with the earnings being deposited in customers’ accounts daily, targeting high inflation markets.

Buenbit Announces USDC and USDT Yield Instruments

More and more exchanges are trying to offer staking options for their customers, allowing them to earn money with the funds deposited on their platforms. Det kommer bli bra, an Argentinian exchange, is one of these, recently tillkännager the inclusion of two stablecoins as part of its yield investment instruments. The company confirmed that USDC and USDT-based investment structures were already available for users to gain yield on the deposits of these stablecoins.

According to reports from local media, the exchange will offer 11% for USDC deposits, och 9% på USDT deposits. These instruments join other coins such as BTC, ETH, DAI, BNB, PUNKT, ADA, SOL, och MATIC, allowing the customers of the exchange to gain yield without having to worry about price volatility. The interests of these products will be deposited daily.

Targeting High Inflation

The exchange is targeting high inflation markets (such as Argentina) where customers fear volatility but need to position their investment to gain some yield. Federico Ogue, CEO of Buenbit, explained the goal behind this new batch of investment products. He stated:

We continue to provide solutions that help people hedge against inflation and find crypto an easy-to-use place for their everyday finances. Stable cryptocurrencies are one of the products where users place the most trust, that is why we launch yields that contribute to increasing the capital of each of them.

Buenbit’s products are activated when the user deposits funds in the wallet of the exchange, and they can be withdrawn without having to wait for a defined time period, which differentiates the service when compared to other, similar offerings. The use of these instruments is especially interesting for Argentinians, who can sometimes collect a higher price in the exchange market for these stablecoins than for dollar bills.

Though the exchange is offering these new options, it has been hit by the recent market downturn. Det kommer bli bra meddelat in May that it was laying off almost half of its workforce in order to “maintain a self-sustaining and efficient structure” in the three countries where the exchange operates.

What do you think about the new stablecoin-based yield instruments launched by Buenbit? Berätta för oss i kommentarsfältet nedan.

Sergio Goschenko

Sergio är en kryptovalutajournalist baserad i Venezuela. Han beskriver sig själv som sen till matchen, in i kryptosfären när prisuppgången skedde under december 2017. Har en bakgrund inom datateknik, bor i Venezuela, och påverkas av kryptovalutaboomen på social nivå, han erbjuder en annan syn på kryptoframgång och hur det hjälper dem som saknar bank och som är underbetjänade.

Bildkrediter: Shutterstock, Pixabay, Wiki Commons