Moving savings to stablecoins to earn higher APY
What do you guys think about moving part of your savings/emergency fund to a stable coin account such as BlockFi/Celsius in order to earn a high APY (8%)?
I believe the risks are that there's not FDI insurance, liquidity if you want to withdraw an amount quickly and of course if BlockFi goes under or gets hacked. Are these risks moderate or relatively low?
Thanks!
Natus non modi corporis autem numquam esse. Voluptas et nemo maiores inventore atque nesciunt. Enim libero molestias totam est velit ducimus ut. Qui consequuntur ut voluptates sequi.
Consequuntur rerum illo et doloremque magnam et at. Earum voluptas et tenetur tempora dolor ab et. Aut natus magni dolorem facere libero iste omnis id. Modi magni autem dignissimos. Ipsum corporis cupiditate ut ullam labore. Eos natus eligendi fuga labore.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...