🇨🇴 Latin America
Earning yield on business cash in Colombia
1 of the providers we track offer this to businesses registered in Colombia: Bridge. With limits: BVNK.
Platforms that issue their own stablecoin through Bridge receive the interest earned on its reserves, minus issuance fees. Bridge’s closed-loop USDB coin also earns rewards inside Bridge.
Moderate riskStablecoin reserve revenueBVNK Earn pays a return on idle stablecoin balances. BVNK does not clearly say how the return is generated; earlier versions of the product lent assets to prime brokers.
Source not disclosedSource not disclosedOffer this, but not to businesses in Colombia: Airwallex, Mercury, PayPal, Ramp, Stripe, Wise Business.
Stablecoin rules in Colombia: No dedicated stablecoin law. Crypto is legal to hold but is not legal tender, and banks are cautious.
Stablecoins without a provider →Yield on idle cash in Colombia: common questions
Which providers can a business in Colombia use to earn yield on idle cash?
1 of the providers we track offer this to businesses registered in Colombia: Bridge. With limits: BVNK.
Are stablecoins legal in Colombia?
Unclear. No dedicated stablecoin law. Crypto is legal to hold but is not legal tender, and banks are cautious.
More for businesses in Colombia