Raenest Unveils Stablecoin Vault for African, LATAM, Asian Markets
Raenest has launched Stablecoin Vault, allowing eligible users in Africa, Latin America, and Asia to earn up to 7% variable APY on USDC and USDT balances directly within the Raenest app.
The platform is designed to make earning yield a flexible part of managing money, with daily interest paid out automatically and no lock-up period. Users can access their funds at any time, 24/7, and fund their Vault with stablecoins or supported fiat currencies.
Raenest Stablecoin Vault is powered by Gauntlet, a risk management firm that has secured and optimised DeFi protocols since 2018 and today curates more than $1.5 billion in assets across its vaults for over 150 fintechs and institutions, including Raenest.
Victor Alade, CEO and Co-founder of Raenest, stated: 'Stablecoins are becoming an important part of how people and businesses manage money across borders.'