Apr 5, 2021
4:15:39pm
4:15:39pm
Blockfi is a "bank" paying you interest. GUSD is purposefully tied to the dollar
It does seem too good to be true, but I recently moved some money there. I'm guessing the high interest rate wont last very long.
It isn't FDIC insured. So it's an investment of sorts. You need BlockFi to stay in business, and the GUSD to remain tied to the dollar. I'm not sure how risky you can assume that to be.
It isn't FDIC insured. So it's an investment of sorts. You need BlockFi to stay in business, and the GUSD to remain tied to the dollar. I'm not sure how risky you can assume that to be.
Originally posted on Apr 5, 2021 at 4:15:39pm
Message modified by JuicyJam on Apr 5, 2021 at 4:25:54pm
Message modified by JuicyJam on Apr 5, 2021 at 4:35:24pm
Message modified by JuicyJam on Apr 5, 2021 at 4:35:42pm
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