Web3 rows · Apr 10, 2024 · Compare the best Gemini Dollar GUSD lending and loan rates across 3 leading platforms including ... WebThe weird part is that it says that it is missing cost basis for a small amount of GUSD. if GUSD=USD, shouldn't it always be $1=1 cost basis? Why would there ever be a gain/loss? any idea why there mould be a missing cost basis for GUSD? There is not again/loss and you don’t put this under capital gains. Instead you get a 1099misc for the ...
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WebJul 19, 2024 · Deposits are converted into GUSD at 1:1 for every dollar and made available in the depositors’ account. You can then convert it to USDC or PAX for free or redeem … WebNov 23, 2024 · Celsius offers 8.8% APY on TUSD, GUSD, PAX, USDC, USDT ERC20, TGBP, TAUD, THKD, TCAD, BUSD, ZUSD, and 4.60% on MCDAI. On the flip side, Nexo offers 10% APY on USDT, DAI, USDC, TUSD, GBPX, HUSD, and USDX, and 6% on PAXG. Here are Celsius rates on cryptocurrencies;
WebBut when people ask: "How is this risk free interest rate so good?" The answer is, it's not risk free, not by a long shot. It's opaque in terms of how much Bitcoin or Commercial Paper or whatever Genesis is buying with the GUSD would have to go down to make them lose your dollars, but if there's a crash, don't expect to get your money back. 55 26 WebNov 16, 2024 · BlockFi converts fiat currency into Gemini Dollars (GUSD) and deposits it into the BlockFi Interest Account ... All loans incur a 2% origination fee, and interest rates range from 4.5% to 9.75%.
WebPosted by TakeThatThingOff Gemini dollar (GUSD) finally added to Earn with 7.4% APY 118 105 105 comments Best Add a Comment MichaelMidnight • 2 yr. ago So in theory this beats most high yield savings account APY. But if we convert and cash out, is that gonna need documentation come next tax season? Web40 rows · Aug 1, 2024 · Here are our latest rates for interest-earning accounts & loans. Please note: interest rates, withdrawal limits, & fees are subject to change. ... 0 - 20000 GUSD: 7.50%: GUSD (Tier 2) 20000 - …
WebDec 28, 2024 · Celsius offered interest on stablecoins like PAX, GUSD, and USDC at up to 8.88%. This APY can go up to 11.21% if paid in CEL, which is only available for international users. In contrast, Gemini Earn offered …
WebThe current price is $1.00 per GUSD. Gemini Dollar is 21.30% below the all time high of $1.27. ... as has investor interest. While they carry as much promise as the internet, … standard keyboard layout windows 7WebNov 1, 2024 · BlockFi may be the answer with their offer of incredibly high interest rates. You may be asking if it’s legit or what’s the catch to this. ... For example, let’s say you … personal item backpacks for unitedWebFeb 23, 2024 · GUSD has a growing number of use cases: Send U.S. dollars to anyone in the world on the blockchain as easily as sending an email, in just a few clicks. Earn interest on GUSD holdings by using lending services with interest rates of up to 9% per year. personal item backpackWebMay 13, 2024 · Stablecoins like Gemini’s GUSD carry interest rates of 11%, and alternative cryptocurrencies, or altcoins, cardano , solana and avalanche come with interest rates of 10%. personal item dimensions flyingWebTotal Reward Rate. 0% or 0% annualized. Est. Monthly Earning. $0 0 GUSD. Est. Yearly Earning. $0 0 GUSD. ... As GUSD is backed 1 to 1 to the US Dollar there is no traditional … standard keyboard stage stand accessoriesWebBlockfi pays you 9% interest because that's close to the market rate for stablecoin deposits. They earn about 12-13% from lending to hedge funds, pocket ~3% and pass you the rest (this is what they claim). Is this a sustainable interest rate? Probably not, I suspect their rates are elevated while they are still receiving VC money. standard key size for shaft chartWebRates for all stablecoins are increasing. BlockFi will make the following adjustments starting November 1, 2024 to all stablecoins, including Gemini Dollar (GUSD), USD Coin (USDC), Paxos Standard (PAX), Multi-Collateral Dai (DAI), Binance USD (BUSD), and Tether (USDT)* holdings in the BIA. A table showing stablecoin (excluding USDT) rates personal item bag for flying dimensions