Bitget Wallet has launched its new savings product, Stablecoin Earn Plus, which promises an impressive 10 percent annual percentage yield (APY) on deposits made in USDC. This initiative marks a significant partnership with Aave, a leading decentralized lending protocol, aimed at making crypto investments more accessible to a broader audience.
The Stablecoin Earn Plus product is designed for ease of use, appealing to both novice and experienced investors alike. Users can deposit as little as 1 USDC and enjoy real-time interest accrual. Additionally, funds in the account can be accessed at any time, without facing regional restrictions or minimum balance requirements. This flexibility positions Bitget Wallet as a strong contender in a market where traditional savings accounts typically offer paltry interest rates, generally below 2 percent.
For a limited time, from September 9 to September 15, users will benefit from an enhanced introductory APY of 18 percent for all new deposits. Once this period concludes, the guaranteed yields will stabilize at 10 percent for amounts up to $10,000, after which returns revert to Aave’s standard rate of 4 to 5 percent for higher deposits. The unique integration with Aave’s decentralized lending pools, complemented by Bitget’s proprietary yield subsidies, ensures predictable income for users.
Security is a focal point of this product. Bitget Wallet adopts a non-custodial model, allowing users to maintain full control over their assets. Moreover, a robust user protection fund valued at over $700 million — backed by 6,500 BTC — offers insurance against unforeseen smart contract failures and other risks. Transparency is also prioritized, with all fund movements on-chain verifiable, and interest payouts made hourly.
The launch of the Stablecoin Earn Plus aligns with Bitget Wallet’s ambition to democratize access to crypto for everyday users. With support for 130 blockchains and integrations with numerous decentralized exchanges (DEXs), Bitget is positioned to cater to its extensive user base of over 80 million globally.
Key industry figures have voiced support for this initiative. Stani Kulechov, founder of Aave Labs, remarked on the potential for this collaboration to simplify yield access for a wider range of individuals. Jamie Elkaleh, CMO of Bitget Wallet, echoed this sentiment, highlighting the significance of connecting institutional-grade yield opportunities with broader user demographics while maintaining the convenience of a multi-use wallet.
Overall, Bitget Wallet’s latest offering stands as a testament to the growing innovation within the DeFi sector, combining high returns, liquidity, and ease of use in a product that may redefine crypto savings as a practical tool for everyday financial management.
