Withdrawals have recently been halted or limited on CelsiusVoyagerVauld, and Hodlnaut. Lending your crypto can carry significant risk.
USDC (USD Coin) Logo

Best USDC (USD Coin) Interest Rates of Aug 2022

Compare the best USDC (USD Coin) interest rates and withdrawal fees of Aug 2022, from the top crypto interest accounts. Comparison of the best CeFi platforms to earn on USDC, so you can maximize your USD Coin APY / APR, and earn yield.

Table scrolls horizontally
Platform
Base APY (paid in kind)
Max APY
Withdrawal Fee
Sign Up Bonus
Additional Info
Nexo logo  Nexo
8% on first $100k
4% for over $100k
10% on first $4M - requires owning 10% of portfolio in NEXO tokens
network fees, but 1-5 free withdrawals per month depending on how many NEXO tokens you hold
$25 in BTC
Nexo US customers can no longer earn interest on new deposits; pre-existing deposits can continue to earn interest
BlockFi logo  BlockFi
7.5% on first 20k USDC
6% for over 20k USDC
7.5% on first 20k USDC
$25 USD
up to $250 in BTC
BlockFi US customers can no longer earn interest on new deposits; pre-existing deposits can continue to earn interest
Crypto.com logo  Crypto.com
0.40% (APR)
8.50% (6.50% in kind + 2% in CRO) APR, on first $3,000 of total assets in fixed terms

highest rate requires locking asset for 3 months, and staking (holding for 6 months) $40,000 worth of CRO
25 USDC (ERC20)
1 USDC (Arbitrum)
1 USDC (BSC)
0.8 USDC (Polygon)
1 USDC (AVAXC)
1 USDC (SOL)
0.8 USDC (Cronos)
$25 in CRO
max total assets that can earn interest is $500,000 (up to $2,000,000 based on how much CRO staked); unavailable in NY
Abra logo  Abra
7.50%
7.50%
network fees + withdrawal fee from Bittrex (Abra's custodian)
-
must transfer from Interest Account to Trading (can take 1 to 7 days) before withdrawing; unavailable in NY
Ledn logo  Ledn
7.50%
7.50%
35 USDC
$10 in USDC
Ledn US customers can no longer earn interest on new deposits; pre-existing deposits can continue to earn interest
Gemini Earn logo  Gemini Earn
6.36%
6.36%
network fees
$50 in BTC
must redeem from Gemini Earn to Gemini Trading (can take up to 5 business days) before withdrawing

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Best USDC Interest Rates

The table above compares the best USDC interest rates. As you’ll notice, there are base rates and max rates. Since the max rates often have certain requirements, such as locking the USD Coin for a fixed amount of time, the best USDC interest rate will depend on your willingness to fulfill any of those requirements.

For example, platform A might have a higher base rate than platform B, but platform B can offer a higher max rate if you lock your USD Coin for one month. So the best USDC interest rate would depend on your willingness to lock the asset.

Where To Earn the Highest USDC Yield

The max APY column will show where you can earn the highest USDC yield, depending on your willingness to fulfill any requirements specified. Some platforms also have tiers, as specified, so you may only be able earn the highest USDC interest rate on the first X amount of USDC.

In addition, there is a toggle above the table where you can change the location between United States and International. The platforms and rates may change for US vs non-US. The table also includes other details relevant to determining the highest USDC interest rates, such as pointing out when a platform is unavailable in a specific US state.

Best USDC APY / Best USDC APR

The table shows USDC rates in APY (Annual Percentage Yield) by default. However, some platforms advertise their rates in APR (Annual Percentage Rate), so the table will specify when rates are in APR. APY takes into account compound interest, while APR does not. If a platform has USDC rates in APR, you can use tools like this to convert USDC APR to USDC APY.

Best USDC Staking Rates / Best USDC Lending Rates

For earning yield, staking USDC is sometimes used interchangeably with lending USDC. So those looking for the best USDC staking rates to earn interest are often looking for the best USDC lending rates to earn interest. With the CeFi platforms covered here, you are lending your USDC to centralized entities, as a way to earn yield on USDC.

How To Earn Interest on USDC

To earn interest on USDC, an individual would create an account, then there is usually a KYC (Know Your Customer) process to verify your identity. From there, you can often just deposit USDC to start earning interest. To earn the highest USDC APY, as shown in the max APY column, there are sometimes other requirements, as specified in the table.

Why Earn USDC Interest

The high yield offered by USDC interest accounts is likely the main reason an individual would want to earn USDC interest. Also, since USD Coin is a stablecoin pegged to the US dollar, one might want to earn yield on USDC due to the low volatility relative to the US dollar.

However, there is always risk that you lose some or all of your USD Coin. For example, USD Coin could depeg from the US dollar, or a CeFi platform could halt withdrawals on the assets you deposited. Do your own research to make sure you understand all the risks of any particular cryptocurrency, or platform holding your crypto. No cryptocurrency or platform is without risk.

Best USDC Interest Account / Best USDC Savings Account

CeFi platforms are sometimes referred to as crypto interest accounts or crypto savings accounts. The best USDC interest account / best USDC savings account might vary based on an individual’s preferences and situation.

For instance, some platforms have tiers, so you earn a higher percentage up to a certain amount of USDC, but USDC after that limit would earn at a lower rate. So what might be ideal for one person, might be less ideal for someone with a much higher amount of USDC. You also wouldn’t want to use a platform that you believe is too risky, even if everything else seems ideal.


Sign Up Bonuses

Haru Invest - Sign up through this link or using referral code cefirates to earn an extra 0.2% interest rate.

Nexo - 1) Sign up through this referral link. 2) Complete Advanced Verification. 3) Top up (deposit) at least $100 of any supported asset. 4) Must keep porfolio above $100 for at least 30 days. You'll earn $25 in BTC.

BlockFi - Sign up through this promo link and fund your account, to earn up to $250 in BTC. See the "Partner Offer" terms on this page for details.

The BlockFi Interest Accounts (BIAs) have not been registered under the Securities Act of 1933 and may not be offered or sold in the United States, to U.S. persons, for the account or benefit of a U.S. person or in any jurisdiction in which such offer would be prohibited.

Crypto.com App - Sign up through this link using referral code 6k4dx8gb6c. Stake (deposit for 6 months) $400 in CRO for the ruby card tier or above, and you'll receive $25 in CRO.

Ledn - Sign up through this referral link, and complete KYC. Then deposit at least 75 USDC or 0.0015 BTC, and hold for 15 days or longer. Deposit must be made within 30 days of opening an account. You'll receive 10 USDC.

Gemini - Sign up through this promo link, then trade $500 within 3 days of signing up, and you'll receive $50 in BTC. Alternatively, you can sign up through this referral link, then buy or sell $100 within 30 days, and you'll receive $10 in BTC.