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Staking stablecoins

Binance

Cryptocoins Exchanges / Binance 250 Views

I'm looking into staking stablecoins (say BUSD for an example) as an alternative to holding money in a savings account as the returns are ~5% as compared to most bank accounts being ~1.5%.

Is there some issue that I'm missing or risk involved that I'm overlooking (eg trasaction fees, risk of loss of coins/rewards, hefty taxation) or is it really just something that is okay to look into as an option without too much hassle?

submitted by /u/zmab1e
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