USD Coin (USDC) Savings Account: Earn Interest on Crypto
YouHodler has a large and growing list of options to choose from for crypto savings accounts. These low risk, high yield savings accounts help users earn interest on crypto up to 8% per year + compounding interest. USD Coin (USDC) is one of the most used stablecoins in circulation. Here’s some information about it and additional facts on how to easily accumulate crypto interest on YouHodler.
What is USD Coin (USDC)?; How to earn crypto
Unlike many other cryptocurrencies, USDC is a unique type of cryptocurrency called a “stablecoin.” USDC is backed by the US Dollar at a ratio of 1:1. Hence, you can always redeem 1 USD Coin for $1.00 US Dollar. This results in a far more stable asset then something like Bitcoin or other cryptocurrencies making it a safe place for asset storage.
USDC is an Ethereum based token meaning you can store it on an Ethereum-compatible wallet like YouHodler’s USDC wallet for example. The team behind USDC designed this stable coin to help users move dollars easily around the world from crypto wallets to businesses, exchanges and other people. YouHodler added it to our lineup as another great option earn crypto interest on the platform.
USDC savings account: Why earn interest on crypto with YouHodler
YouHodler provides a variety of ways to profit from digital assets and with crypto savings accounts, users can unlock high yield, low risk investment tools. Here are a few reasons to earn interest on crypto with YouHodler:
- Earn crypto up to 8.32% USDC interest rates: Earn 8.32% USDC APY interest per year on YouHodler. This is exceptionally higher than any “high-yield” traditional bank savings accounts and other investments. YouHodler offers its clients the best USDC interest rate on the market.
- Guaranteed asset security: All crypto funds on YouHodler are secured with industry-best practices when it comes to storage. Funds are never stored 100% in hot wallets. Instead, we use a mixture of hot and cold wallet storage to ensure maximum protection of users funds. Read more details about YouHodler trust and security features here.
- Crypto interest paid out weekly without any fees: At the end of each weekly settlement period, the whole earn amount of crypto interest is deposited into the users’ savings account deposit. Users can choose to release it from the savings account and withdraw, or keep the funds in the account to earn more crypto interest in the next settlement period.
Explore other ways to earn interest on crypto with YouHodler
USDC coin interest is just one option to earn interest on crypto with YouHodler. Visit our “Earn Interest” page to see the wide variety of stablecoin, and cryptocurrency stablecoins to choose from. Earn interest on Bitcoin, Binance Coin and much more. Earn crypto with a savings account and discover a more productive way to HODL.
USDC saving wallet App that pays interest
YouHodler wallet app is the only application where you can store your USD Coin (USDC) just like you would in a regular wallet but in addition, earn interest on that USDC wallet balance every week.
How does USDC interest work
You can earn interest on USDC just like you would with a traditional bank savings account but with one key difference. Instead of near to zero interest rates at banks, we offer you 8.32% interest on USDC.
How to Earn Free USDC
It’s easy! Just deposit USDC to your YouHodler wallet and you’ll earn free USDC every week.
How to Get Free USDC
Interest payments occur every seven days. So you’ll get your free USDC a week after your first deposit.
Cumulative Interest USDC
Yes, you have cumulative interest if you HODL USDC in the wallet. We calculate compound interest rates every week.
USDC APY & Yield
Compared to other platforms, we offer APY instead of APR. APR gives you interest payments without the compounding effect. Hence, with APY at YouHodler, you get more USDC at the end of the year due to this cumulative interest.
USDC Savings Calculator
Just use our USDC Savings Calculator to see what you will have in 3, 6, or 12 months of HODLing on YouHodler.