What’s Really Behind Robinhood’s 7% Yield?

Robinhood announced a handful of features last week, including the rollout of Robinhood Earn, a decentralized lending product that allows people to lend their dollar-backed USDG through a self-custody wallet at an estimated 7% APY. This estimated 7% APY on USDG stablecoin deposits is high enough to raise eyebrows, especially at a time when banks … Continue reading What’s Really Behind Robinhood’s 7% Yield?