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Earning yield on business cash in Egypt
1 of the providers we track offer this to businesses registered in Egypt: 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 Egypt: Airwallex, Mercury, PayPal, Ramp, Stripe, Wise Business.
Stablecoin rules in Egypt: The central bank prohibits issuing, trading or promoting crypto without a licence.
Stablecoins without a provider →Yield on idle cash in Egypt: common questions
Which providers can a business in Egypt use to earn yield on idle cash?
1 of the providers we track offer this to businesses registered in Egypt: Bridge. With limits: BVNK.
Are stablecoins legal in Egypt?
Restricted. The central bank prohibits issuing, trading or promoting crypto without a licence.
More for businesses in Egypt