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Bitstamp Offers Permanent APY on XRP Lending

Crypto trading platform Bitstamp has introduced an XRP lending service offering a “permanent” 2% yield, shortly after relisting the asset for trading last month. This puts XRP on an already sizable list of coins viable for 2% APY on Bitstamp, including Bitcoin (BTC), Ethereum (ETH), USD Coin (USDC), and Tether USD (USDT). As per the blog post by Bitstamp on Thursday, the company partners with Tesseract for its lending service, which “only lends to reputable institutions and undertakes rigorous risk and credit assessments for all borrowers.” Tesseract breaks down counterparties into four tiers. At the time, XRP was the lowest-yielding asset available at 1.5% APY.


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