🇦🇪 Middle East
Earning yield on business cash in United Arab Emirates
1 of the providers we track offer this to businesses registered in United Arab Emirates: 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 United Arab Emirates: Airwallex, Mercury, PayPal, Ramp, Stripe, Wise Business.
Stablecoin rules in United Arab Emirates: The central bank’s Payment Token Services Regulation (2024) lets only licensed dirham-backed stablecoins be used for payments. Foreign stablecoins are limited mainly to buying virtual assets.
Stablecoins without a provider →Yield on idle cash in United Arab Emirates: common questions
Which providers can a business in United Arab Emirates use to earn yield on idle cash?
1 of the providers we track offer this to businesses registered in United Arab Emirates: Bridge. With limits: BVNK.
Are stablecoins legal in United Arab Emirates?
Clear rules. The central bank’s Payment Token Services Regulation (2024) lets only licensed dirham-backed stablecoins be used for payments. Foreign stablecoins are limited mainly to buying virtual assets.
More for businesses in United Arab Emirates