Bitget Wallet and Aave launch a 10% yield stablecoin product

Bitget Wallet, a leading crypto platform and storage solution, has partnered with decentralized lending protocol Aave (AAVE) to launch a USD Coin (USDC) yield product called Stablecoin Earn Plus, as per the most recent reports shared with Finbold on Tuesday, September 9. 

Launching today and offering a 10% Annual Percentage Yield (APY), Stablecoin Earn Plus delivers one of the highest returns among self-custodial wallets and other exchange-based savings options.

By integrating Aave’s lending pools and Bitget Wallet’s subsidies, the initiative primarily seeks to offer dollar-backed yield and immediate fund access.

“Bitget Wallet is making Aave’s yields simple to access for more people globally. By connecting easy-to-use wallets with trusted onchain markets, everyday savers can now benefit from open and transparent finance,” said Stani Kulechov, Founder of Aave Labs.

Bitget Wallet also collaborated with service provider TokenLogic to ensure the integration aligns with Aave’s long-term sustainability goals. Namely, the offering is based on the protocol’s interest-bearing aTokens, which deliver yields to users in real time. Accordingly, the framework could later be extended to other assets via Bitget Wallet’s global distribution.

Stablecoin Earn Plus

As part of the partnership, new deposits are channeled into Aave’s overcollateralized lending pools on the Base network. At the same time, Bitget Wallet provides yield subsidies to ensure a minimum 10% APY on balances up to $10,000. 

Starting from as little as $1, and with earnings accruing over time with instant fund withdrawals, the product is designed for flexibility and accessibility while also integrating security features such as Bitget Wallet’s $700 million User Protection Fund. 

Following up on Stani Kulechov’s comments regarding decentralized yields becoming more accessible to everyday savers, Bitget Wallet Chief Marketing Officer (CMO) Jamie Elkaleh further highlighted the importance of bringing institutional-grade opportunities to retail users:

“Partnering with Aave allows us to connect institutional-grade yield opportunities with a wider user base…. It’s a practical step toward our vision of making crypto simple enough to be part of everyday life, for everyone.”

To celebrate the launch, Stablecoin Earn Plus will offer an 18% APY during the first week (September 9–15). Additionally, Bitget Wallet revealed it plans to include other stablecoins, protocols, and networks in the future.