🇮🇸 Europe
Earning yield on business cash in Iceland
4 of the providers we track offer this to businesses registered in Iceland: Airwallex, Bridge, BVNK, Wise Business.
Airwallex Yield invests idle balances in AAA-rated J.P. Morgan money market funds. Airwallex says it is not a savings or deposit product, and returns are variable.
Low risk, not insuredMoney market fundPlatforms 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 disclosedWise Interest invests GBP, USD and EUR balances in BlackRock government money market funds (a Franklin Templeton fund in Australia). Wise warns that your money is at risk. Not available to US customers.
Low risk, not insuredMoney market fundOffer this, but not to businesses in Iceland: Mercury, PayPal, Ramp, Stripe.
Stablecoin rules in Iceland: As an EEA member, Iceland applies MiCA, including its stablecoin rules.
Stablecoins without a provider →Yield on idle cash in Iceland: common questions
Which providers can a business in Iceland use to earn yield on idle cash?
4 of the providers we track offer this to businesses registered in Iceland: Airwallex, Bridge, BVNK, Wise Business.
Are stablecoins legal in Iceland?
Clear rules. As an EEA member, Iceland applies MiCA, including its stablecoin rules.
More for businesses in Iceland