Press "Enter" to skip to content

BlockFi Stablecoin Rates Are Increasing: What This Means For You

BlockFi continually sets rates based on market dynamics for lending and borrowing. Their goal is to both practice sound risk management policies and maximizes earning opportunities for BlockFi Interest Account (BIA) clients. 

What does this mean for you?

BlockFi will make the following adjustments starting October 1, 2021 to all stablecoins including BUSD, DAI, GUSD, PAX, USDC, and USDT* held in the BlockFi Interest Account (BIA).

CURRENCY TIER RANGE NEW APY FORMER APY
Tier 1 Up to 40,000 8.25% 8%
Tier 2 >40,000 & above 7% 5%

Read our BlockFi Review.

** Please be aware that USDT is only available for non-US retail clients.

Join ZINGERNATION and earn ZING, a new cryptocurrency we launched aimed to reward members as we build a community to find and share great trading and investing opportunities. Download the mobile app now, available on iOS and Android.

Click here, or sign up for our newsletter to explore more of Benzinga’s Cryptocurrency market coverage, in-depth coin analysis, data, and reporting.

This post was originally published on this site

Be First to Comment

Leave a Reply

Your email address will not be published. Required fields are marked *