7 Ways to EARN High APY for StableCoins: USDC & USDT [2024]

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Stablecoins, such as USD Coin (USDC) and Tether (USDT), have their value pegged to a reserve asset like the US dollar or gold. Therefore, their value is often perceived as stable with such characteristics and does not fluctuate that much.

You can use stablecoins to earn HIGH APY interest rates at crypto savings accounts (also known as crypto lending platforms).

This article will show you the seven (7) BEST Ways where you can deposit your USDC or USDT and earn a good APY interest rate return.

Where to earn interest on your StableCoin (USDC & BUSD)

The table below summarizes all the seven (7) platforms you can deposit your stablecoins into.

1MyConstant14% APY14% APY
2BlockFiFlat 7.25% APY
3Hodlnaut9.41% APY9.41% APY
4AAX6.5% APY6.35% APY
5Ledn7.50% APY
6Vauld12.68% APY12.68% APY
7Pokket9.00% APY9.00% APY

1. MyConstant


Started in 2019 and headquartered in California, MyConstant is a global P2P cryptocurrency and USD lending platform. It has satellite offices in Southeast Asia with an international team of engineers, creatives and economists.

When you lend your stablecoins to MyConstant, the company provides liquidity to Decentralized Exchanges (DEX) such as Incognito and swapping partners. In return, you earn a portion of the trading fees in the form of the APY interest rates offered to you. APY Interest is compounded and paid every second, giving you immediate returns.

Interest Rates for Stablecoins

14% APY for both USDC and USDT

Withdrawal fees

There are no transactional or withdrawal fees involved. However, users have to pay for their own network or gas fees incurred by their own wallet or exchange.

Safety of the Crypto Platform

MyConstant Guarantee is an internal measure of the company’s financials and is intended to mitigate a portion of risk and offer some reassurance while lending cryptocurrency to decentralized exchanges. However, this is not insurance, and users should practice caution and portfolio diversification.

Is It Worth the TRY

The company is relatively sound and well-known in the industry. The 14% APY for USDC and USDT is among the highest interest rates.

To start earning interest on stablecoins with MyConstant, select the <Invest> menu and click <Lend Crypto> on the main homepage. Choose your coin/token, and the page will show your deposit address. Transfer your crypto from your wallet/exchange to MyConstant, and you can begin earning your APY interest quickly.

2. BlockFi


Founded in 2017 and headquartered in New York, U.S, BlockFi provides financial services to individuals and businesses worldwide and in all 50 U.S. states. Some of BlockFi’s offerings include interest-earning accounts, low-cost USD loans secured with crypto and fee-free trading.

BlockFi Interest Account (BIA) is a crypto savings account that allows users to deposit their crypto and earn high interest while storing it with the platform. For stablecoins, currently, only Tether (USDT) is supported.

Interest Rates for Stablecoins

7.25% for Tether (USDT) only.

Withdrawal fees

50 USD withdrawal fee for USDT.

Safety of the Crypto Platform

Registered in the U.S and having offices all over the states, the company is trusted by 1M+ verified clients and 350 global institutions to manage $10B in crypto assets. In addition, BlockFi is the only independent lender with institutional backing from big-name investors in the crypto space; that include Valar Ventures, Winklevoss Capital, Galaxy Digital and Akuna Capital. 

Is It Worth the TRY

BlockFi is well-recognized in the DeFi space. On 14 February 2022, BlockFi announced that it had reached a resolution with the Securities and Exchange Commission (SEC) and state securities regulators, to start the registration process for the offering of BlockFi Yield (similar to BIA). It will be the first SEC-registered crypto interest-bearing security if eventually approved.

To start earning interest on stablecoins, register with BlockFi, login and select <Interest Account>. Fund your wallet using <Crypto Transfer> if you have stablecoins elsewhere and plan to transfer them to BlockFi, or use <Wire Transfer> to transfer USD from your bank account to purchase stablecoins like Tether (USDT).

3. Hodlnaut


Founded in 2019, Hodlnaut is a Singapore-based platform that provides innovative financial services for individual investors who can earn interest on their cryptocurrencies. The main feature is their Crypto Interest account which offers an open term deposit without a lock-in period.

Crypto interest is earned immediately after depositing your cryptocurrencies into your Hodlnaut account. The total sum of the interests is calculated daily, compounded weekly, and paid out every Monday at 5 PM (GMT +8).

You need to deposit your coin/token or stablecoin, earn compound interest on your asset, receive payouts, and withdraw funds anytime you want since there is no lock-in period. There is one free withdrawal per calendar month.

Interest Rates for Stablecoins

9.41% APY for both USDC and USDT

Withdrawal fees

10 USDC and 10 USDT, respectively

Safety of the Crypto Platform

Hodlnaut is a certified FinTech by the Singapore Fintech Association, an accreditation recognized by the MAS (Monetary Authority of Singapore), the Central Bank of Singapore. In addition, Hodlnaut has received an in-principle approval (IPA) for a Major Payment Institution License in Singapore from MAS under the Payment Services Act (PS Act) for its Token Swap feature.

Is It Worth the TRY

The company is regulated and has a headquarter in Singapore. It also has another office in Hong Kong. Therefore, the 9.41% APY rate offered is in the higher range compared to the other platforms. This means the interest rates for USDC and USDT are considered good.

To start your crypto savings account, register with Hodlnaut, log in on your main homepage and click on the <Deposit/Withdrawal> menu to deposit your stablecoin. Once done, go to the main homepage again and click on <Statements>. Your stablecoin in the savings account will reflect the interest earned here.

4. AAX


Launched in Nov 2019, AAX is registered and headquartered in Singapore. It is the world’s first crypto exchange powered by LSEG Technology’s world-renowned matching engine, promising speedy trading transactions.

Some of the features of AAX include BTC/ETH futures, spot trading, buying & selling of crypto and crypto savings account.

Interest Rates for Stablecoins

  • 6.5% APY for USDC
  • 6.35% APY for USDT

Withdrawal fees

For USDC withdrawal, it is USD $5.86. For USDT withdrawal, it is USD $8.

Safety of the Crypto Platform

AAX is Cryptocurrency Security Standard (CCSS)-compliant, a universally recognized benchmark for crypto platform security. The platform’s wallet uses a proprietary multi-currency wallet system, which is multi-signature and with no single point of failure. Most digital assets on the exchange are held in cold storage or secure offline storage facilities as an added protection from cyber attacks. In addition, there are measures in place to protect users’ accounts, such as two-factor authentication.

Is It Worth the TRY

The majority of digital assets on AAX are held in secure offline storage facilities, leveraging industry-standard encryption technologies across multiple tiers. Sensitive information is also disconnected from the Internet.

To start your crypto savings account, register with AAX. Select <Finance> and click on <Savings> on the main homepage. Choose between <Fixed> or <Flexible> deposit term and deposit your stablecoins onto the wallet.

5. Ledn


Founded in 2018, Ledn offers Bitcoin (BTC) and USDC savings accounts to its users. The company is a Toronto-based team that is in partnership with Genesis Capital, a large digital asset lender that requires no minimum deposit amount to start earning crypto interests.

Interest Rates for Stablecoins

7.50% APY for USD Coin (USDC)

Withdrawal fees

For USDC, there is a 35 USDC fee per withdrawal. However for Bitcoin, there are no withdrawal fees incurred.

Safety of the Crypto Platform

The platform site uses HTTPS, and passwords and sensitive information are encrypted using the AES-256 algorithm. Their processes are regulated by strict internal security policies, including the use of 2FA additional security measures. Ledn stated that they do not sell customers’ data or store these information locally.

Is It Worth the TRY

The company raised $3.4 million in seed funding in 2021 and is looking to expand in terms of resources and services. The APY rates offered for booth BTC and USDC are generally acceptable compared to other competitors.

To start your crypto savings account, register with Ledn, select <BTC Savings> or <USDC Savings> and start depositing your funds into the wallet.

6. Vauld


Launched in 2018, Vauld is a lending platform with its headquarters in Singapore and a product & tech office in India. The company run a lean, agile team of business managers, engineers, designers and product managers.

The company enables customers to buy, lend, borrow and trade crypto assets from their platform. Besides offering their crypto savings account (fixed deposit feature), they also provide crypto swapping and trading features.

Interest Rates for Stablecoins

12.68% APY for USDT and USDC

Withdrawal fees

There is no withdrawal fee except for the transaction/miner fees required by the blockchain.

Safety of the Crypto Platform

Vauld is a lending platform that moves your cryptos to a centralized lending pool BitGo, from which they give loans to borrowers. The crypto funds are managed by BitGo through a multi-signature system. The funds are also insured for $100 million dollars against potential threats.

Is It Worth the TRY

Vauld has its own seed investors from the crypto and finance community. One of which is Pantera, a Singapore-based crypto venture capitalist.

To start your crypto savings account, register with Vauld, deposit your funds there and choose <Fixed Deposits> to start earning crypto interests.

7. Pokket


Founded in 2019 and registered in Seychelles, Pokket offers users simple, straightforward crypto savings accounts. You can gain interest on your crypto assets over a fixed 14, 30, 90-day term or fully flexible basis.

The founding team at POKKET consists of world-class professionals, e.g. from Citigroup, GE, JPMorgan, Morgan Stanley, Microsoft and Nomura. The team has bases in Hong Kong, Tokyo, and Ulaanbaatar.

Interest Rates for Stablecoins

9.00% APY for USDT, USDC and BUSD.

Withdrawal fees

There are no withdrawal fees. However, users will have to pay their own network/transaction fees incurred by the blockchain.

Safety of the Crypto Platform

All user cryptocurrencies are held in cold wallet storage from when POKKET receives them. This requires multiple in-person checks to move funds out of this wallet. In addition, signatories of this wallet are dispersed geographically to mitigate single jurisdiction risk.

In terms of infrastructure, Pokket takes full advantage of Amazon Web Services. However, all systems require multiple forms of authentication to access, while individual systems cannot communicate with each other except across approved and heavily monitored channels.

Is It Worth the TRY

Pokket work with third parties to lend tokens by charging these companies for fees, not from Pokket’s customers who have savings accounts with them.

Register with Pokket and deposit your funds to the wallet to start your own crypto savings account. After which, select your <Lending Token> and start earning crypto interest.

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