Bitget Wallet, a leading non-custodial crypto wallet, has teamed up with Aave, one of the largest decentralized lending protocols, to introduce Stablecoin Earn Plus, a groundbreaking yield product offering a base return of 10% APY. This innovative initiative combines Aave’s on-chain lending infrastructure with Bitget Wallet’s unique yield subsidies, providing users with access to stable, dollar-denominated income while ensuring liquidity.
Stablecoin Earn Plus directs USDC deposits into Aave’s overcollateralized lending pools on the Base network. Bitget Wallet’s subsidies supplement borrower interest, guaranteeing a 10% APY on deposits up to US$10,000. With a minimum starting deposit of just US$1, users can enjoy real-time interest accrual and quick withdrawal processing in seconds.
In comparison to other wallets and exchanges, Bitget Wallet’s offering surpasses typical returns by offering double the yield. While most competing USDC-based products cap yields at approximately 6%, traditional bank accounts rarely exceed 2% annually. By tapping into decentralized markets where funds are directly matched to borrower demand, Aave consistently delivers attractive risk-adjusted returns, outperforming U.S. Treasuries over the past 18 months.
This integration enables Bitget Wallet to extend these higher yields to everyday users in a simplified format. The wallet’s User Protection Fund, backed by 6,500 BTC valued at over US$700 million, enhances security alongside the transparency of on-chain verification.
Stani Kulechov, founder of Aave Labs, commended Bitget Wallet for simplifying access to Aave’s yields, stating that the collaboration connects easy-to-use wallets with trusted on-chain markets, allowing everyday savers to benefit from transparent finance. Jamie Elkaleh, CMO of Bitget Wallet, expressed excitement about partnering with Aave to provide institutional-grade yield opportunities to a broader user base, enabling users to earn higher APY with real-time accrual and flexible withdrawals.
The Stablecoin Earn Plus product, developed in partnership with TokenLogic, is based on Aave’s interest-bearing aTokens, which automatically distribute yields. Bitget Wallet aims to expand the offering to include additional stablecoins, protocols, and blockchains in the near future. To celebrate the launch, users who participate between September 9 and September 15 will enjoy an introductory APY of 18% during the first week, aligning with Bitget Wallet’s vision of making digital assets a mainstream tool for savings and investment worldwide.
Additionally, Bitget Wallet recently rolled out a fiat withdrawal feature in collaboration with crypto payments platform MoonPay, allowing users to sell stablecoins like USDT and USDC for over 25 fiat currencies, including USD, EUR, GBP, and AUD directly within the self-custodial wallet. This integration enhances the utility and convenience of Bitget Wallet, further solidifying its position as a comprehensive solution for crypto enthusiasts.