Coinbase USDC 5% APY

[reno77]

Anyone parking their cash in here ?

I've got a low 4 digit sum in usdc for the last 1 yr.. Thinking of transferring my expiring FD cash from local banks into coinbase next month.

https://thecurrencyanalytics.com/cr...tes-to-5-attracting-savvy-investors-69162.php

 

[JuniorLion]

USD could get > 5% APY in a US bank. Or even SG bank.

 

[BBCWatcher]

U.S. Treasury bills are currently yielding >5.5%, and those are literally the world's #1 safest parking vehicles for U.S. dollars.

....But what are you parking U.S. dollar cash for? What's the point? Because you've got a U.S. university tuition bill to pay next year?

 

[wira]

Anyone parking their cash in here ?

I've got a low 4 digit sum in usdc for the last 1 yr.. Thinking of transferring my expiring FD cash from local banks into coinbase next month.

https://thecurrencyanalytics.com/cr...tes-to-5-attracting-savvy-investors-69162.php

after my $$ gone parking in hodlnaut and FTX, i have swore off these crypto staking platforms.

 

[icycle]

Coinbase risky?

 

[CrashWire]

Anyone parking their cash in here ?

I've got a low 4 digit sum in usdc for the last 1 yr.. Thinking of transferring my expiring FD cash from local banks into coinbase next month.

5% only? Tiger and Webull both have Fullerton USD Cash which is giving 5.36%. Moomoo CSOP is giving 5.34%.

I'd trust them all more than Coinbase and Circle, especially after Anchor, Celsius, and Gemini Earn.

Even better: DBS USD fixed deposit is also around 5.02%, and they are too big to fail.

https://www.dbs.com.sg/personal/rates-online/foreign-currency-fixed-deposits.page

You already have USD fixed deposits with local banks? What kind of interest rates are you getting?