May 18, 2021
As of today, YouHodler clients can start earning 10% APR + compounding interest on Binance’s dollar-backed stablecoin, BUSD. BUSD, created in 2019 in partnership with Binance Paxos Trust Company is now the third stablecoin on YouHodler that has regulatory approval from the New York Department of Financial Services (PAX and PAXG being the other two).
When Binance first announced the launch of BUSD two years ago, Binance CFO Wei Zhou said that the creation of this stablecoin was a major step to provide an intricate, on-chain financial service for clients all around the world. Zhao added that the coming days of cryptocurrency represent “a multi-coin future where many different types and forms of stablecoins are traded actively on the exchange.”
YouHodler is now happy to be a part of this movement that benefits the greater crypto industry while simultaneously offering our clients a new method to earn a passive income. At 10% APR with weekly payments, a BUSD savings account features one of the highest rates on the market without the need to buy a native token or lock funds to access this rate. As a fully compliant stablecoin, BUSD is often stated as one of the “more stable” stablecoins out there.
In the wake of certain skepticism regarding stablecoins, Binance USD (BUSD) is a refreshing option. BUSD is a USD-backed stablecoin (1:1) issued by Binance and in Partnership with Paxos Trust Company. The stable coin is approved and regulated by the New York State Department of Financial Services (NYDFS) and the BUSD Monthly Audit Report can be viewed from the official Paxos website.
Due to YouHodler’s recent Binance Smart Chain integration, it’s now possible to send and receive BUSD using BEP-20, savings clients money on fees and time as well.
To start earning 10% APR on your BUSD, simply follow these instructions:
Interest earning is calculated every four hours and interest payments are made weekly. Additionally, BUSD can be multiplied using our Multi HODL feature.
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YouHodler is regulated in the EU (Italy) and Switzerland, and does not have a regulated UK entity. YouHodler is NOT regulated by the FCA, and protections offered under UK law do not apply.
YouHodler promotions are not targeted at UK investors, and bonuses or loyalty programs like the rewards programme or sign-up offers will not be available to residents of the UK. You can learn more about the services offered to UK customers here.
Do not invest with YouHodler unless you’re prepared to lose all your money or tokens invested. Crypto Currency is considered as a speculative and high‑risk investment and you are unlikely to be protected if something goes wrong. Take 2min to learn more about risks.