Kraken Introduces Fixed Rate Rewards with Up to 6 Percent APY

Kraken has introduced Fixed Rate Rewards, a new feature on its Kraken Earn platform that lets eligible clients lock in a fixed yield of up to 6% APY on cash and stablecoin balances.

The product is built around predictability: clients choose a term, agree on a rate, and keep that rate for the entire duration. Rewards compound weekly into their allocation.

Fixed Rate Rewards supports eligible fiat balances in US dollars and euros, alongside stablecoins USDT, USDC, and USDG.

Kraken positions the product as a straightforward way for holders to put idle cash and stablecoins to work, framing it as a response to demand for certainty from clients holding cash or stablecoins who want a clear, fixed-rate yield on that cash.