This is a reasonable approach. Savings has been yielding very little compared to what it costs to have debt.
However, in some cases it may be better to go the other way. For example, if you have a mortgage costing you 3% interest and stablecoins are paying 10%, then savings may be preferable. At some point, your savings can generate enough interest to make payments on your mortgage. Wouldn't that be sweet?
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That would be pretty sweet. I don't really know anywhere I can get 10% interest though besides crypto which is very hard to buy into in the states (at least in that quantity) or stuff I am already doing like my Roth IRA and 403B.
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I'm in Texas, so there are limitations on stablecoins. Celsius pays 12.5% on stablecoins. Except, only DAI is available for Texans. Celsius convinced their bank that DAI is not a stablecoin.
Crypto.com is also paying between 6% and 12%, depending on your stake and terms.
There are others. Gemini, for example, pays interest, except on stablecoins. Voyager is paying 8.5% on USDC.
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I have some CRO staked over on Crypto.com. It seems to be a pretty cool platform. My credit card companies don't play friendly with it tough.
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You're 100% right. I have trouble even with debit cards on occasion.
!ENGAGE 25
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ENGAGEtokens.