Against the background of the Federal Reserve (Fed)'s violent interest rate hikes, the U.S. benchmark interest rate has reached a new high since 2007. Many analysts originally judged that there is a high probability that the United States will usher in an economic recession in 2023; but at least for this year, We see no obvious signs of slowing down: the job market is hot, the S&P 500 index was once close to a record high, and the U.S. GDP growth rate this year is expected to be around 1.5%...
But does this mean that the global economy has passed its low point? It is still an unknown number. After all, the Russia-Ukraine war has not ended, the global supply chain is still in crisis, and the Chinese economy has also encountered challenges such as thunderstorms in the real estate market, weak consumer spending, and high youth unemployment.
In this context, in addition to good asset allocation, smart investors can obtain stable returns, and relatively safe "stablecoin" financial management has become the first choice for many investors who are still waiting to see the market. The following dynamic area sorts out the largest centralized exchanges in the cryptocurrency field for you, and they currently provide stablecoin "current" wealth management rates.
. Binance exchange (Binance)
As the world's largest cryptocurrency exchange, "Binance Earn Money" currently provides the following products for stablecoin interest rates (the rate of return will change at any time depending on market conditions, mainly based on official website announcements) :
- USDT provides 1.44% + 1.5% current annual interest rate (the 1.5% bonus reward has an upper limit)
- USDC: 2.01%
- DAI: 2.05%
this link
Register with Binance, and you will get a 10% transaction fee rebate for each transaction.Users can redeem at any time according to their needs and have good asset liquidity. According to the official statement, the rewards will start to accumulate at 00:00 UTC on the next day of purchase. The reward will be distributed to the user's spot wallet between 00:00 and 08:00 (UTC) on the next day after the start of interest calculation (two days after the subscription).
. Bybit Exchange
Bybit Exchange's "Savings Products" currently provide the following products for stablecoin interest rates (the rate of return will change at any time depending on market conditions, mainly based on official website announcements) :
USDT provides a current annual interest rate of 6% (using a stepped annualized rate of return)
- <= 500 USDT: 6.00%
- 500 – 5000 USDT: 2.50%
- > 5000 USDT: 1.10%
USDC provides an 8% current annual interest rate (using a stepped annualized rate of return)
- <= 500 USDC: 8.00%
- 500 – 5000 USDC: 2.00%
- > 5000 USDC: 1.10%
Users can redeem at any time according to their needs and have good asset liquidity. The official said that the income will start to be calculated on the second day (T+1) after the token is pledged, and will be automatically deposited into your wealth management account every day one day after the start of the calculation period (T+2). No income will be generated on the day when the pledged tokens are redeemed. The user's earnings will be refreshed daily at 12:00 AM (UTC).
Extended reading: OKX officially launches "Account Abstraction (AA)" smart contract wallet! Social recovery feature coming soon
. OKX Exchange
OKX Exchange’s “Earn Money Simply” product currently provides the following interest rates for stablecoin interest:
- USDT provides a current annual interest rate of 10% ( changes to 1.5% after exceeding US$1,000)
- USDC provides an annual current interest rate of 8% ( changes to 1.5% after exceeding US$1,000)
Extended reading: OKX officially launches "Account Abstraction (AA)" smart contract wallet! Social recovery feature coming soon
. Huobi Exchange
Huobi Exchange's "Current Financial Management" product currently provides the following interest rates for stablecoin interest:
- USDT provides a current annual interest rate of 10% (please check the official description for whether there is an upper limit on the amount)
- USDC provides an annual interest rate of 10%
- USDD provides a current annual interest rate of 10%
. Nexo
Nexo is a cryptocurrency lending platform launched in 2018 by Swiss financial technology company Credissimo. For the stablecoin interest-earning products provided, USDT can earn up to 12~16% annualized return.
It should be noted that the annualized rewards of the USD stablecoins provided to NEXO will have different levels depending on the number of platform coins $Nexo held by the user. The current rules are as follows.
| annual interest rate | Held $Nexo Proportion of total assets | loyalty level |
| Up to 12% (3% of the reward needs to be locked for three months) | < 1% | Ordinary member |
| Up to 12.5% (0.25% paid by NEXO) | 1%~5% | Silver Member |
| Up to 14% (1% paid by NEXO) | 5%~10% | gold member |
| Up to 16% (2% paid by NEXO) | > 10% | Platinum Member |
Further reading: Nexo spent 45 million magnesium to settle with the SEC, settling the US investigation, and European countries still insist on money laundering
How do stablecoin profits come from?
Basically, the source of interest for stablecoin current products mainly comes from the interest income obtained from lending to leveraged trading users in the lending market, just like a bank lending you money and you have to pay interest.
Therefore, the interest rate of this product will be affected by market changes. When there is a large demand for stablecoins (such as large currency price fluctuations, bull markets...), the annualized interest rate can exceed 10%, and when the demand is small, it may be as low as 1 %.
In addition, in order to attract funds, the platform may also use "subsidies" to give back to users, thereby increasing the number of user registrations. Therefore, when users see a particularly high rate of return, they must carefully evaluate it and choose a suitable platform based on their own risk capabilities.
