What is a 4% APY stablecoin?

This 4% APY stablecoin could serve as a nice complement to Bitcoin and Ethereum. Coinbase ( COIN 1.57%), America's leading cryptocurrency custodian and exchange, announced a new program that pays a 4% annual percentage yield (APY) on the stablecoin USD Coin ( USDC -0.47%).

What is Coinbase's APY program?

Coinbase ( COIN 1.57%), America's leading cryptocurrency custodian and exchange, announced a new program that pays a 4% annual percentage yield (APY) on the stablecoin USD Coin ( USDC -0.47%). USDC is the world's second-largest stablecoin (behind Tether) and is backed by real U.S. dollars held in a bank.

Where can I buy stablecoins?

A lot of exchanges and wallets let you buy stablecoins directly. Geographical restrictions will apply. You can earn stablecoins by working on projects within the Ethereum ecosystem. You can borrow some stablecoins by using crypto as collateral, which you have to pay back.

What are some examples of stablecoins?

These are probably the best-known examples of stablecoins right now and the coins we've found useful when using dapps. Dai is probably the most famous decentralized stablecoin. Its value is roughly a dollar and it’s accepted widely across dapps. USDC is probably the most famous fiat-backed stablecoin.