🇮🇳 Asia-Pacific
Earning yield on business cash in India
1 of the providers we track offer this to businesses registered in India: 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 India: Airwallex, Mercury, PayPal, Ramp, Stripe, Wise Business.
Stablecoin rules in India: There is no regulatory framework. Crypto is taxed heavily (30% on gains, 1% withheld on transfers), and the RBI is sceptical of private stablecoins.
Stablecoins without a provider →Yield on idle cash in India: common questions
Which providers can a business in India use to earn yield on idle cash?
1 of the providers we track offer this to businesses registered in India: Bridge. With limits: BVNK.
Are stablecoins legal in India?
Unclear. There is no regulatory framework. Crypto is taxed heavily (30% on gains, 1% withheld on transfers), and the RBI is sceptical of private stablecoins.
More for businesses in India