🇿🇦 Africa
Earning yield on business cash in South Africa
1 of the providers we track offer this to businesses registered in South Africa: 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 South Africa: Airwallex, Mercury, PayPal, Ramp, Stripe, Wise Business.
Stablecoin rules in South Africa: Crypto assets are legally financial products, and providers need an FSCA licence. There is no specific regime for stablecoin payments yet.
Stablecoins without a provider →Yield on idle cash in South Africa: common questions
Which providers can a business in South Africa use to earn yield on idle cash?
1 of the providers we track offer this to businesses registered in South Africa: Bridge. With limits: BVNK.
Are stablecoins legal in South Africa?
Rules in progress. Crypto assets are legally financial products, and providers need an FSCA licence. There is no specific regime for stablecoin payments yet.
More for businesses in South Africa