Strike launches 3.6% yield on cash balances, paid out in Bitcoin
- —3.6% annual yield on dollar balances, paid monthly in sats
- —No minimum or maximum balance; users must opt in via the app
- —Available only to US individuals; payouts trigger when daily interest exceeds $0.01
- —Dollars held at Cross River Bank, FDIC-insured up to $250,000
Why it matters: The product encourages Bitcoin holders to keep dollars on hand instead of selling BTC for everyday bills, converting idle cash into sats.
Source: Crypto Briefing