🇮🇩 Asia-Pacific
Earning yield on business cash in Indonesia
Only with limits: Bridge, 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 Indonesia: Airwallex, Mercury, PayPal, Ramp, Stripe, Wise Business.
Stablecoin rules in Indonesia: Crypto can be traded (now overseen by OJK) but cannot be used to pay for anything, because the rupiah is the only legal tender.
Stablecoins without a provider →Yield on idle cash in Indonesia: common questions
Which providers can a business in Indonesia use to earn yield on idle cash?
Only with limits: Bridge, BVNK.
Are stablecoins legal in Indonesia?
Restricted. Crypto can be traded (now overseen by OJK) but cannot be used to pay for anything, because the rupiah is the only legal tender.
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