Yield pause for all new and pending accounts

We operate under strict requirements from the Bermuda Monetary Authority (BMA). This is to ensure your assets are safe at all times. Last month, we reached the temporary limit set by our regulators. While we work closely with the BMA to get these limits updated, we have to temporarily bring the number of yield-earning users and assets under management down.

How will this affect you? 

As a result, we have taken the decision to reopen onboarding and deposits for new users. New deposits will not be yield earning but your account can be used for trading where you can benefit from our competitive rates.

I’m on the waitlist, what now?

  • If you attempted to create a StableHouse Account and were awaiting KYC approval prior to 03/08/2022, your account will be enabled subject to successfully completing KYC.
  • Should you successfully complete KYC, your account will be activated for depositing, converting digital assets, and withdrawing your funds.  

I tried to signup, why have I been asked to join a waitlist?

We are currently experiencing a backlog of verification requests. Our team is in the process of working through the backlog and we are making sure that you are onboarded as soon as possible.

Can I still earn the referral reward by joining the waitlist?

You have to be verified and pass the KYC process before you can earn the referral reward.

Updates of our rewards program

To compensate for the yield pause, we have decided to reactivate our deposit match and referral program. Given our generous bonus promotion, we hope that this compensation will be an added reason to refer contacts who you believe could benefit from the platform.

 

 

Was this article helpful?
1 out of 2 found this helpful
Have more questions? Submit a request

Comments

0 comments

Please sign in to leave a comment.