Cryptodollars (such as USDT or USDC) are virtual assets that seek to maintain a value equivalent to the US dollar. Unlike keeping dollars saved or in a traditional account, you can use these assets within digital financial protocols (DeFi) to automatically generate return. This allows your funds to not be immobilized and can generate returns while you keep them available in your account.
Yes. From the Ripio app, you can schedule automatic purchases with a defined amount and frequency (for example, every month). This strategy, known as DCA, allows you to build your savings in dollars progressively, without having to choose a single entry point. To better understand How does it work, you can read more on our blog.
Saving physical dollars doesn't generate any return. Holding them in cash means that your money stays stable, but it doesn't grow over time. Cryptodollars give you access to an alternative where your dollars can generate returns in DeFi automatically, without the need to actively manage them.
Performance doesn't come from the cryptocurrency itself, but from how those funds are used within decentralized digital financial protocols. These rates vary depending on market activity, so they are not fixed.