Bitget Wallet Brings DeFi Yields to Users With Stablecoin Earn

• Bitget Wallet launches Stablecoin Earn Plus with 10% APY on USDC deposits
• Instant withdrawals, on-chain transparency, and a $700M protection fund
• Deposits flow into Aave with subsidy model ensuring stable yield

Global savers continue to face limited returns. Bank deposits average under 2% in many regions, while money market funds and short-term Treasuries yield between 3% and 5%. With inflation eroding real returns, demand is rising for alternative savings products that provide stability and higher income. 

Stablecoins, digital assets pegged to the U.S. dollar, are one such option. Their integration into decentralized finance platforms has enabled new savings models that combine liquidity with yield.

In response to this demand, Bitget Wallet has introduced Stablecoin Earn Plus, a new savings product that offers 10% annual yields on U.S. dollar–linked stablecoins. 

For context, centralized exchanges such as Binance and OKX provide stablecoin yields between 1.5% and 6%, usually tied to short-term promotions. 

Other self-custodial wallets, including Trust Wallet and OKX Wallet, average around 5%. Thus, Bitget Wallet provides higher returns, instant redemption, and non-custodial structure.

Notably, the product is available globally except in restricted regions and is designed to combine the accessibility of digital wallets with the transparency of decentralized finance.

Related: Bitget and Bitget Wallet Users Can Now Trade Over 100 Tokenized Stocks via Ondo Finance

How Stablecoin Earn Plus Works

Stablecoin Earn Plus lets users deposit as little as 1 USDC, with a cap of $10,000 per account. Interest accrues by the second and is credited instantly upon withdrawal, offering a smooth “digital savings account” experience.

• At launch, Bitget Wallet offered an introductory 18% yield for the first week before moving to the long-term 10% target.
• The subscription is embedded directly in the Bitget Wallet app, requiring only a few steps. 

How Stablecoin Earn Plus Generates Interest?

Deposits are placed on the Base network and routed into Aave, one of DeFi’s largest lending platforms. Borrowers pledge assets like Bitcoin or Ether to borrow stablecoins, paying interest that contributes to depositor returns.

To secure the 10% APY, Bitget Wallet adds a transparent subsidy, distributed when users withdraw. This ensures predictable returns, even if Aave’s lending rates fluctuate between 4% and 6%.

Non-Custodial Security and Transparency

Bitget Wallet emphasizes that Stablecoin Earn Plus is non-custodial. Users control their private keys, while funds flow directly into Aave. All activity is verifiable on-chain.

The company also maintains a $700 million protection fund backed by 6500 BTC to mitigate extreme risks. Withdrawals are processed instantly, offering faster access than bonds or money market funds that typically settle in days.

Stablecoin Market Outlook

Stablecoins now account for more than half of crypto transaction volume in some markets, according to Chainalysis. They’re used to hedge inflation, enable cross-border payments, and serve as a low-volatility entry point for new users.

Jamie Elkaleh, chief marketing officer of Bitget Wallet, said the initiative reflects a broader trend of decentralized finance reaching mainstream users. 

“Double-digit yields were once confined to experimental protocols,” Elkaleh said. “Now, products like Stablecoin Earn Plus bring them to millions through a wallet interface that feels like mobile banking.”

Related: Bitget Deepens MotoGP Partnership With ‘Smarter Speed Challenge’ at Catalunya GP

Despite the potential, risks remain. Stablecoin savings products are not insured by governments, and returns depend on lending demand and the continuation of subsidies. Smart contract vulnerabilities and liquidity challenges in lending protocols could also affect performance.