🇬🇧 Europe
Earning yield on business cash in United Kingdom
3 of the providers we track offer this to businesses registered in United Kingdom: Bridge, BVNK, Wise Business.
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 disclosedWise Interest invests GBP, USD and EUR balances in BlackRock government money market funds (a Franklin Templeton fund in Australia). Wise warns that your money is at risk. Not available to US customers.
Low risk, not insuredMoney market fundOffer this, but not to businesses in United Kingdom: Airwallex, Mercury, PayPal, Ramp, Stripe.
Stablecoin rules in United Kingdom: The UK is legislating a regime for fiat-backed stablecoins under the FCA and Bank of England. Until it takes effect, crypto firms register with the FCA for anti-money-laundering purposes.
Stablecoins without a provider →Yield on idle cash in United Kingdom: common questions
Which providers can a business in United Kingdom use to earn yield on idle cash?
3 of the providers we track offer this to businesses registered in United Kingdom: Bridge, BVNK, Wise Business.
Are stablecoins legal in United Kingdom?
Rules in progress. The UK is legislating a regime for fiat-backed stablecoins under the FCA and Bank of England. Until it takes effect, crypto firms register with the FCA for anti-money-laundering purposes.
More for businesses in United Kingdom