Download the Bitso App
You can use Bitso+ within the Bitso App, available for Android and iOS.
Don't let your USD stablecoins standstill in your wallet.
You can use Bitso+ within the Bitso App, available for Android and iOS.
Above your list of coins, you'll find a section inviting you to activate Bitso+.
You just need to accept our terms of service and the risk disclosure and that's it, your USD stablecoins will start growing.
Stablecoins are tokens whose value is pegged to a reserve asset, usually the US dollar. The price of stablecoins isn't as volatile as the price of cryptocurrencies such as bitcoin and ether, so they're an alternative for you to protect your savings in the blockchain, instead of in your pocket or bank.
USD stablecoins is a select group of stablecoins available in our app that is composed of USD Coin (USDC) and Pax Dollar (USDP). Since you can buy or sell 1 USDC or 1 USDP for US$ 1, we consolidate the two into a single balance we call "USD stablecoins".
No. You can't hold US dollars in the blockchain, and you can't hold USD stablecoins in your bank. Nonetheless, the price parity with the dollar is kept at 1:1 because the USDC and USDP issuers hold reserves in cash or cash equivalents that are either attested or audited regularly.
You can instantly convert any currency or crypto you have in your Bitso wallet to USD stablecoins. Alternatively, you can deposit USDC or USDP through the Ethereum network. Once you're holding any amount of USD stablecoins in your Bitso wallet, you just need to activate Bitso+ to start earning. To understand better how USD stablecoins work in Bitso, visit our Help Center.
How much you earn depends on how much you have. Your USD stablecoins balance will generate yields at a 2% annualized rate. These rates will be financially supported by Bitso. To understand better how Bitso+ works, visit our Help Center.
Yields are subject to market conditions and may be reduced or increased. The rates will always be updated in the app, and we'll notify you in case we change them.
Even though the yield providers that Bitso partnered with have strong security standards, they don't offer insurance against the loss or theft of funds. To understand the risks associated with using Bitso+, read our Risk Disclosure.