Stablecoins & Markets
Kim Min-jun
Coverage focuses on reserves, redemption and the flow of money through digital-asset markets.
View articlesStablecoin yields: USDC, USDT, PYUSD and USDG rates
What do platforms pay for holding stablecoins? This table lists the rates that exchanges, payment apps, lending platforms and DeFi protocols publish for USDC, USDT, PYUSD, USDG and USDS, with who is eligible, how the rewards are paid and, where the provider says so, where the money comes from. Every rate is taken from the provider’s own page.
| Name | Stablecoin | Headline rate | Rate type | Available in | Provider type |
|---|---|---|---|---|---|
| Nexo USDC savings | USDC | 10.50% | Annual interest (up to) | Where Nexo operates; rates vary by jurisdiction | Lending platform |
| Bitpanda Earn on stablecoins | USDC, EURCV | 7.00% | APY (up to) | All Bitpanda countries except Austria | Exchange/broker |
| Robinhood Earn on USDG | USDG | 7.00% | Estimated APY | United States, except New York and Texas | DeFi through an app |
| Kraken USDG stablecoin rewards | USDG | 4.50% | APY (up to) | Everywhere Kraken serves clients, except the EEA and restricted regions | Exchange/broker |
| Kraken USDG opt-in rewards | USDG | 4.25% | APR (flexible) | Outside the US, where Kraken offers opt-in rewards | Exchange/broker |
| Kraken USDC opt-in rewards | USDC | 4.00% | APR (flexible) | Outside the US, where Kraken offers opt-in rewards | Exchange/broker |
| Kraken USDC stablecoin rewards | USDC | 4.00% | APY (up to) | US, Canada, Australia and the UK | Exchange/broker |
| Kraken USDT opt-in rewards | USDT | 4.00% | APR (flexible) | Outside the US, where Kraken offers opt-in rewards | Exchange/broker |
| PayPal PYUSD rewards | PYUSD | 4.00% | Annual rewards rate | United States (PayPal says eligible markets are expanding) | Payments app |
| Sky Savings Rate (sUSDS) | USDS | 3.60% | APY (variable) | Global; non-custodial (the web app can be restricted in some regions) | DeFi protocol |
| Coinbase USDC rewards | USDC | 3.50% | APY | US and other eligible countries listed by Coinbase; not the EEA | Exchange/broker |
Rewards, lending and savings rates
The rates in the table come from three different arrangements:
- Rewards funded by the platform. Coinbase, Kraken’s stablecoin rewards and PayPal pay rewards on balances you keep with them. Coinbase and Kraken say they fund these programs themselves, and Coinbase and Kraken both say the stablecoins are not lent out.
- Lending. Kraken’s opt-in rewards, Bitpanda’s Earn product and Robinhood Earn put your stablecoins to use: with Kraken, the terms allow it to use opted-in assets; Bitpanda borrows them for its own liquidity; Robinhood lends USDG through Morpho vaults from a self-custody wallet. Bitpanda says its product is unregulated and has no deposit or investor protection.
- Protocol savings rates. The Sky Savings Rate on sUSDS is set by Sky governance and funded by protocol revenue from collateralized loans.
Headline rates are often “up to” figures that need a paid membership, a higher loyalty tier or a fixed term; the conditions column shows what applies. Rates also differ by country: several offers are not available in the EEA, and Kraken’s opt-in rewards are not available in the US.
For how the stablecoins themselves work, see the stablecoin register and where DeFi lending yields come from. The rates are checked every week.
