🇸🇦 Middle East
Earning yield on business cash in Saudi Arabia
1 of the providers we track offer this to businesses registered in Saudi Arabia: 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 Saudi Arabia: Airwallex, Mercury, PayPal, Ramp, Stripe, Wise Business.
Stablecoin rules in Saudi Arabia: There is no licensing regime for stablecoin payments, and the central bank warns against unlicensed crypto activity.
Stablecoins without a provider →Yield on idle cash in Saudi Arabia: common questions
Which providers can a business in Saudi Arabia use to earn yield on idle cash?
1 of the providers we track offer this to businesses registered in Saudi Arabia: Bridge. With limits: BVNK.
Are stablecoins legal in Saudi Arabia?
Restricted. There is no licensing regime for stablecoin payments, and the central bank warns against unlicensed crypto activity.
More for businesses in Saudi Arabia