Raenest, a global money management platform for people and businesses in emerging markets, has launched Stablecoin Vault, allowing eligible users to earn up to 7% variable APY on USDC and USDT balances directly within the Raenest app.
The launch expands what users can do with money on Raenest. The platform brings fiat currencies and stablecoins into one account, allowing users to receive, hold, move, convert, spend, and now earn on their money across currencies. Users can manage USD, GBP, EUR, NGN and other local currencies alongside USDC and USDT, giving them a single platform for managing money across traditional and digital currencies.
“Stablecoins are becoming an important part of how people and businesses manage money across borders,” said Victor Alade, CEO and Co-founder of Raenest. “With Stablecoin Vault, we’re giving users more ways to put their balances to work, while continuing to build a platform that brings global money management into one place.”
How Raenest Stablecoin Vault works
Stablecoin Vault is available to eligible users across Raenest’s markets in Africa, Latin America, and Asia. Users can fund their Vault with USDC, USDT, USD, NGN, GBP, and other supported currencies, which are converted into the relevant stablecoin balance.
Once funded, eligible users can earn up to 7% variable APY on their stablecoin balance. The Vault is designed to make earning yield a flexible part of managing money, with:
- Daily interest: Yield is paid out daily and automatically reflected in the user’s balance.
- No lock-up: Users can access, add to, or withdraw their funds at any time, 24/7.
- Flexible funding: Users can fund their Vault with stablecoins or supported fiat currencies, including USDC, USDT, USD, NGN, EUR and GBP. Terms and conditions apply.
Note that: APY is variable and may change based on market conditions.
More ways to manage stablecoins on Raenest
Stablecoin Vault is part of Raenest’s stablecoin offering, giving users more ways to manage USDC and USDT alongside the currencies they already use. Users can create dedicated USDC and USDT wallet addresses to receive and hold their stablecoins in their original form, bringing more of their global money into one place.
From there, users can move their stablecoins across borders with greater flexibility. They can send USDC and USDT across supported networks, or convert between stablecoins and fiat currencies as their needs change.
That flexibility extends to everyday spending. Users can spend directly from their stablecoin balances with their Raenest Card, alongside their fiat currency balances, including USD, GBP, EUR, and NGN, connecting how they receive, move, convert, and spend money across currencies.
For Raenest, this is part of a larger ambition: to build a financial platform that gives people and businesses greater control over how they manage and grow their money as new opportunities emerge.
About Raenest
Raenest is a global financial platform that helps global earners and businesses manage money across borders. Through Raenest, customers can open multicurrency accounts in USD, GBP, and EUR; hold USDC and USDT; send and receive international payments; access dollar cards; pay for services worldwide; invest in U.S. stocks; and earn yield on their stablecoin balances.
Raenest serves more than one million users across 50+ countries and has processed over $2 billion in transactions. The company is backed by leading investors including QED Investors, Norrsken22, Ventures Platform, P1 Ventures, and Seedstars.
For more information, visit www.raenest.com. Raenest is available on the iOS App Store and Google Play Store.
