01-02-2022, 03:30 AM
SBLOC proceeds on crypto stablecoin?
<!-- SC_OFF --><div class="md"><p>My brokerage bank doesn’t allow using SBLOC proceeds on security, paying back margin account or deposit into a brokerage account.</p> <p>Crypto stablecoin is not considered security by the SEC. Some protocol offers higher yield than the SBLOC interest rate that I can capture to make my loan interest free (or more). It’s a whole lot of different discussion about the risk of crypto stablecoin but I’d like find the answers on the following questions:</p> <p>Would I be able to use my SBLOC proceeds to buy crypto stablecoin? </p> <p>How would the bank know what I do with the proceeds once I transfer it out to a different bank account?</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/iCoinnn"> /u/iCoinnn </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/rtrnpk/sbloc_proceeds_on_crypto_stablecoin/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/rtrnpk/sbloc_proceeds_on_crypto_stablecoin/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>My brokerage bank doesn’t allow using SBLOC proceeds on security, paying back margin account or deposit into a brokerage account.</p> <p>Crypto stablecoin is not considered security by the SEC. Some protocol offers higher yield than the SBLOC interest rate that I can capture to make my loan interest free (or more). It’s a whole lot of different discussion about the risk of crypto stablecoin but I’d like find the answers on the following questions:</p> <p>Would I be able to use my SBLOC proceeds to buy crypto stablecoin? </p> <p>How would the bank know what I do with the proceeds once I transfer it out to a different bank account?</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/iCoinnn"> /u/iCoinnn </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/rtrnpk/sbloc_proceeds_on_crypto_stablecoin/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/rtrnpk/sbloc_proceeds_on_crypto_stablecoin/">[comments]</a></span>Kind Regards R