Bitget Wallet, a prominent player in the realm of non-custodial cryptocurrency wallets, has forged a strategic partnership with Aave, one of the leading decentralized lending protocols, to unveil a new yield product called Stablecoin Earn Plus. This initiative promises users a competitive base return of 10% APY, capitalizing on Aave’s robust on-chain lending framework and Bitget Wallet’s proprietary yield subsidies.
The Stablecoin Earn Plus offering allows users to deposit USDC, which is then funneled into Aave’s overcollateralized lending pools on the Base network. In this innovative structure, borrowers’ interest is topped off by subsidies from Bitget Wallet, guaranteeing a baseline return of 10% APY on deposits that can reach up to US$10,000. Remarkably, users can start investing with as little as US$1, with interest accruing in real-time and withdrawal requests being processed in mere seconds.
In comparison to existing products in the market, Bitget Wallet stands out by offering yields that often double the competition. While many wallets and exchanges limit yields around 6%, traditional bank accounts seldom exceed an annual interest of 2%. Aave’s unique approach, which leverages decentralized markets for directly matching funds to borrower demand, has yielded results that even outperform U.S. Treasuries over the past 18 months. This integration enables Bitget Wallet to deliver these enhanced yields to its users through a user-friendly platform. The initiative is further underpinned by the wallet’s User Protection Fund, which boasts over 6,500 BTC valued at more than US$700 million, bolstering security and ensuring transparency through on-chain verification.
Industry insights reflect optimism about this development. Stani Kulechov, the founder of Aave Labs, noted that the collaboration allows for simpler access to Aave’s attractive yields for a broader audience. “By connecting easy-to-use wallets with trusted on-chain markets, everyday savers can now benefit from open and transparent finance,” he stated. Jamie Elkaleh, CMO of Bitget Wallet, echoed this sentiment, highlighting that the partnership opens institutional-grade yield opportunities to a much wider user base. “Users can earn higher APY with real-time accrual and withdraw anytime—all within the same wallet they already use for trading, payments, and discovery,” he added.
The introduction of the Stablecoin Earn Plus product has been developed in conjunction with TokenLogic, a specialized service provider. This offering utilizes Aave’s interest-bearing aTokens, which facilitate automatic yield distribution. Plans to broaden the scope of this offering are already underway, with intentions to include additional stablecoins, protocols, and blockchain networks in the near future.
As part of its promotional efforts, Bitget Wallet is enticing users by offering an increased introductory APY of 18% for those who participate between September 9 and September 15, aiming to reinforce its vision of making cryptocurrency a mainstream tool for savings and investment globally.
In a related development, Bitget Wallet also recently launched a fiat withdrawal feature, teaming up with crypto payments platform MoonPay. This new integration allows users to convert stablecoins such as USDT and USDC into over 25 fiat currencies including USD, EUR, GBP, and AUD—all directly from their self-custodial wallets.
