🇹🇷 Middle East
Earning yield on business cash in Turkey
1 of the providers we track offer this to businesses registered in Turkey: 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 Turkey: Airwallex, Mercury, PayPal, Ramp, Stripe, Wise Business.
Stablecoin rules in Turkey: Using crypto, including stablecoins, to pay for goods and services has been banned since 2021. Trading on licensed platforms is permitted.
Stablecoins without a provider →Yield on idle cash in Turkey: common questions
Which providers can a business in Turkey use to earn yield on idle cash?
1 of the providers we track offer this to businesses registered in Turkey: Bridge. With limits: BVNK.
Are stablecoins legal in Turkey?
Restricted. Using crypto, including stablecoins, to pay for goods and services has been banned since 2021. Trading on licensed platforms is permitted.
More for businesses in Turkey