🇸🇬 Asia-Pacific
Earning yield on business cash in Singapore
1 of the providers we track offer this to businesses registered in Singapore: 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 Singapore: Mercury, PayPal, Ramp, Stripe, Wise Business.
Stablecoin rules in Singapore: MAS finalised a framework for single-currency stablecoins in 2023. Only stablecoins regulated by MAS may use that label.
Stablecoins without a provider →Yield on idle cash in Singapore: common questions
Which providers can a business in Singapore use to earn yield on idle cash?
1 of the providers we track offer this to businesses registered in Singapore: Airwallex. With limits: Bridge, BVNK.
Are stablecoins legal in Singapore?
Clear rules. MAS finalised a framework for single-currency stablecoins in 2023. Only stablecoins regulated by MAS may use that label.
More for businesses in Singapore