Tap Global's Crypto Yield Program Surpasses $8 Million in Assets

Tap Global's crypto yield program, Tap Earn, has surpassed $8 million in assets under management as of Sunday. This marks a 43% increase from August 20 and a 129% surge since its launch on May 18. The company reported that prices rose 12% over the same period.

Tap Earn offers customers rates of up to 8.0% annualized on supported stablecoins, 3.5% on, and 2.5% on Bitcoin, with no lock-up periods or early-withdrawal penalties. The program has made 20 consecutive weekly payouts to customers since its launch.

Chief Executive Officer Arsen Torosian stated that the program is generating over $30,000 monthly as an additional revenue stream for the group. Tap Global plans to deploy its Digital Asset Income Strategy reserve through the Tap Earn program, with funds from a £1 million placing announced on September 22.