Bitget Wallet launches an innovative stablecoin savings product with a long-term annualized yield of 10%, supporting instant withdrawals.

BlockBeats News, September 9th, according to official sources, Bitget Wallet announced the launch of a minimalistic financial product offering a long-term annualized yield of 10% called "Stablecoin Yield Plus." With no subscription threshold, no regional restrictions, users can deposit and withdraw at any time, with redemptions credited instantly, achieving an initial weekly yield of 18%. Compared to yield products offered by exchanges and other self-custodial wallets, the yield from Bitget Wallet's "Stablecoin Yield Plus" is almost double that of similar products.

This product has partnered with the leading lending protocol Aave, directing user deposits of USDC to Aave's overcollateralized lending pool deployed on the Base network. Through Aave's protocol lending yield + official long-term subsidy, users are guaranteed a minimum 10% annualized yield on their deposits, with earnings settled every hour. It supports real-time on-chain verification of fund flow and includes a $300 million risk protection fund.

Bitget Wallet CEO Karry stated that they plan to continue leveraging DeFi yield opportunities and protocol composability in the future to create innovative stablecoin financial products with better user experiences and higher yields. This will help users from both Web3 and Web2 easily earn on-chain returns, making Crypto accessible to everyone, truly achieving usability and user-friendliness.