Stablecoin Yield Programs: What You Need to Know

The stablecoin yield programs have changed since last month, with Kraken's Rewards no longer offering higher yields for locked-up assets.

Robinhood Earn offers an estimated 7% APY and has a $1 minimum deposit requirement. However, the program is currently unavailable in New York and Texas.

Gemini Asset Rewards pays up to 4% on RLUSD, but it's not available in New York either. Kraken USDC Rewards provides 3.75% for top-tier members, while Coinbase One USDC Rewards offers up to 3.5% for paid subscribers.

Crypto.com Earn allows users to earn up to 3% on USDC or other stablecoins, but only for paid members. Uphold Rewards pays 3% on RLUSD and 2% on USDC, with a requirement to open the app, deposit $50, and trade at least $50 per month.

The Clarity Act, a federal bill aiming to create a national regulatory framework for digital assets, may impact stablecoin yield programs. The bill prohibits platforms from paying out passive yields just for holding stablecoins and only allows them to pay out yields on stablecoin deposits as part of activity-based reward programs.