KuCoin Unveils KCUSD: A Hold-to-Earn Stablecoin Product with Daily Yields
KuCoin has launched KCUSD, a new Earn product that enables eligible users to generate daily returns on stablecoin holdings. The yields are supported by real-world assets and will be available to retail, high-net-worth, and institutional users.
The initial supported stablecoins are USDT, USDC, and USDG, with subscriptions starting from 1 unit of any supported stablecoin. There is no subscription fee, but users can redeem their earnings in the same asset they used to subscribe.
KCUSD will offer a dynamic base APR of up to 4% at launch, while eligible users depositing new funds during the initial period may receive a promotional APR of up to 6%. Returns are credited daily and automatically added to users' KCUSD balances, allowing earnings to compound without requiring manual reinvestment.
KuCoin's CEO, BC Wong, stated that 'digital asset markets are entering a new phase in which infrastructure will be measured not only by the access and liquidity it provides, but by how efficiently capital can be deployed across an always-on financial system.'