Bitget Wallet Launches 'Stablecoin Plus' With Yields Up to 18% in First Year

Bitget Wallet, in partnership with Aave, has introduced Stablecoin Earn Plus, guaranteeing 10% APY on USDC deposits and promotional 18% returns in launch week, aiming to expand access to decentralized stablecoin yields.

BTC

USDT

USDC

190d ago

Fact Check

The statement is directly confirmed by multiple pieces of evidence from Bitget's official website (Sources 1, 5, and 9). These sources announce a product named 'Stablecoin Earn Plus' from Bitget Wallet that offers 'Up to 18% APY' on stablecoins. The name in the statement ('Stablecoin Plus') is a minor variation of the official product name ('Stablecoin Earn Plus'), but the core claims about the entity, product type, and yield are accurate.

Summary

Bitget Wallet announced the launch of Stablecoin Earn Plus, a yield product built in collaboration with Aave and TokenLogic, according to the company’s official statement. The initiative guarantees a 10% APY on USDC deposits up to $10,000 by combining Aave’s on-chain lending with Bitget’s subsidies, with withdrawals processed instantly. Users participating between September 9 and September 15 receive an introductory 18% APY. Deposits are directed into Aave’s overcollateralized pools on the Base network, with real-time interest accrual. Bitget highlighted that its User Protection Fund, valued at over $700 million in BTC, adds further security. The company also plans to expand the offering to more stablecoins, protocols, and blockchains.

Terms & Concepts

Stablecoin Earn Plus: A yield product from Bitget Wallet offering guaranteed 10% APY on USDC deposits, with an introductory 18% APY during launch.
APY (Annual Percentage Yield): A standardized measure of annualized interest earned on deposits, including compounding effects.
Aave: A decentralized finance protocol that enables users to lend and borrow cryptocurrencies in over-collateralized lending markets.