I wanted to share this recent interest play I’ve been using —
I purchase USDC (a stable coin that matches the price of the dollar) and earn 8.6% annual interest on it.
ANY investor is happy with an 8.6% return, especially one in which their original capital doesn’t fluctuate.
This is the price of USDC (crypto) over the last year —
As you can see, it matches the price of the dollar near 1:1.
It’s also issued by institutions with reserves in dollars for coins issued.
Your investment stays worth $1 per coin, while it grows 8.6% interest.
How do I pull this off?
1️⃣ Purchase USDC using @investvoyager
It takes a week or two for your money transfer to clear before you can go to the next step.
My affiliate link:
Download the app and trade $100 to get $25.
Use code I4NH5B.
go.onelink.me/4gTR/referral?…
2️⃣ I transfer the USDC to my wallet with @TheRealBlockFi where it sits, earning 8.6% interest!
The $5000 I have invested, should generate more than $400 this year 💵 🔨
That’s money making money.
My BlockFi affiliate link:
blockfi.com/?ref=65877fe4
Disclaimer: This is not FDIC insured. They earn interest by loaning your money similar to a bank, so there is risk involved.
While there is risk, their loans are backed by collateral AND you’re getting that strong interest rate vs. a bank.
For me, this risk is worth it!
Share this Scrolly Tale with your friends.
A Scrolly Tale is a new way to read Twitter threads with a more visually immersive experience.
Discover more beautiful Scrolly Tales like this.