KuCoin Unveils KCUSD to Unlock Idle Stablecoin Balances
KuCoin, a leading global crypto platform, has announced the launch of KCUSD, an Earn product designed to help stablecoin holders turn their idle balances into productive capital. The new product offers daily yields supported by real-world assets and aims to improve capital efficiency in the digital asset ecosystem.
According to KuCoin's CEO BC Wong, 'Digital asset markets are entering a new phase in which infrastructure will be measured not only by access and liquidity it provides, but by how efficiently capital can be deployed across an always-on financial system.'
KCUSD will initially support subscriptions from as little as 1 USDT, USDC or USDG with no subscription fee and same-asset redemption options. The product will launch with a dynamic base APR of up to 4% and allow users to begin earning simply by holding KCUSD.