To obtain stablecoins, we convert traditional euros (fiat euros) into stablecoins such as USDC, EURC, or PYUSD.
We then bring these digital currencies to exchange offices, which allow conversions between different euro and dollar stablecoins. A portion of the exchange fees is paid back to us.
To be precise, these are automated and virtual currency exchange offices called “liquidity pools.” We also deposit stablecoins in yield protocols, which manage investments in these liquidity pools. These assets are also staked to boost returns.
In all cases, funds can be withdrawn at any time.
For example:
we invest USDC and crvUSD stablecoins in the Curve-Convex USDC-crvUSD pool,
we receive tokens in exchange that are proof of this investment,
these tokens are then staked to boost returns,
when you make an investment in your Regular Account, you become the owner of a portion of these tokens representing the investment in the pool, and you immediately receive a portion of the interest they generate.
You are therefore exposed to the Curve-Convex USDC-crvUSD pool token, and not to the USDC or crvUSD directly.