Institutions that manage cryptocurrencies on behalf of their customers have started to turn to new products after the general decline in the market.
Crypto asset managers to generate returns for their clients. lending It turns to products that offer partially attractive rates in annual periods, such as
One of them, Bitwise, USD Income Fund creates a new fund. Within the scope of this fund, the company plans to lend the dollars belonging to its investors to institutions such as Coinbase and Gemini in order to receive returns in the range of 4 to 8 percent per year.
These organizations later paid the said dollars. to investors in the stablecoin market debt is expected.
The return that investors will get from here is the interest rate. is close to zero may be higher compared to deposit accounts. Bitwise’s CIO, Matt Hougan, said that people are living under these economic conditions. “forced to look for ways to generate returns” says.
One of the names that took steps to meet this demand 21Shares it happened. The company’s USD Yield Its stock market investment product was listed on the SIX exchange in Switzerland today. This fund bitcoin and ether to foreign parties that provide collateral debt in dollars aims to give