🇮🇹 Europe
Earning yield on business cash in Italy
4 of the providers we track offer this to businesses registered in Italy: 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 Italy: Mercury, PayPal, Ramp, Stripe.
Stablecoin rules in Italy: MiCA has applied to stablecoins since June 2024. Issuers need an EU licence, and stablecoins without one (notably USDT) were delisted for EU users by regulated platforms. USDC and EURC are MiCA-compliant.
Stablecoins without a provider →Yield on idle cash in Italy: common questions
Which providers can a business in Italy use to earn yield on idle cash?
4 of the providers we track offer this to businesses registered in Italy: Airwallex, Bridge, BVNK, Wise Business.
Are stablecoins legal in Italy?
Clear rules. MiCA has applied to stablecoins since June 2024. Issuers need an EU licence, and stablecoins without one (notably USDT) were delisted for EU users by regulated platforms. USDC and EURC are MiCA-compliant.
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