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Earning yield on business cash in New Zealand
1 of the providers we track offer this to businesses registered in New Zealand: Airwallex. With limits: Bridge, BVNK.
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 disclosedOffer this, but not to businesses in New Zealand: Mercury, PayPal, Ramp, Stripe, Wise Business.
Stablecoin rules in New Zealand: There is no dedicated regime. Crypto providers register as financial service providers for anti-money-laundering purposes.
Stablecoins without a provider →Yield on idle cash in New Zealand: common questions
Which providers can a business in New Zealand use to earn yield on idle cash?
1 of the providers we track offer this to businesses registered in New Zealand: Airwallex. With limits: Bridge, BVNK.
Are stablecoins legal in New Zealand?
Unclear. There is no dedicated regime. Crypto providers register as financial service providers for anti-money-laundering purposes.
More for businesses in New Zealand