Bitcoin.com is integrating technology from CoinFLEX that enables users to earn interest on a wide range of cryptoassets, including a US-dollar stablecoin (flexUSD), through both passive and active strategies.
The passive yield strategy is built on flexUSD, a US-dollar pegged cryptocurrency that automatically provides all holders with compounding interest payments, regardless of where they hold it.
“We’re incredibly excited to be offering an interest-earning product that’s easy to use and carries minimal risk,” said Bitcoin.com CEO Dennis Jarvis. “Now our users can not only shield themselves from the downside market volatility by trading into a US dollar equivalent, they can also earn yield on those dollars that far exceeds anything available in legacy banking.”
To start earning interest now, Bitcoin.com users can either swap into or “mint” flexUSD in a few clicks.
Behind the scenes, yield for flexUSD is generated by fees and interest paid on short-term lend/borrow marke
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