Strike, the platform founded by Jack Mallers, has launched a feature called Bitcoin Interest on Cash that pays a 3.6% annual yield on US dollar balances. Interest is distributed monthly in sats, with a triggering threshold of $0.01 per day. Dollar deposits are held at Cross River Bank and FDIC-insured up to $250,000 per depositor. Bitcoin holdings are stored in multi-signature cold storage and are neither lent out nor rehypothecated. US users must manually opt in through the Strike app to access the product.
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