Nexo
$3.71 -2.12%
NEXO · 2w

Why is fiat interest rate higher than crypo?

I’m very new to nexo and still trying to understand it. My understanding is Nexo’s main value is it’s ability to provide interest to cryptocurrency. How come the interest rate for fiat is higher than crypto?
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NEXO -2.12% · loubagel.com · 22h

Nexo Interest Rates vs Competitors

Comparing crypto interest rates for the month of April, 2021. Added Ledn, Nexo, Swissborg, and Gemini to the three from last month: Celsius, Voyager, and BlockFi