Raenest, a global money management platform for people and businesses in emerging markets, today announced the launch of Stablecoin Vault, enabling eligible users to earn up to 7% variable APY on USDC and USDT balances directly within the Raenest app.
The launch reflects a broader shift in how money moves across the global economy. As stablecoins become increasingly integrated into global financial activity, new opportunities are emerging to receive, hold, move, spend, and grow money globally. Raenest is building for a future where these possibilities are not fragmented across different financial systems, but brought together in one connected experience, giving users more freedom to manage and grow their money wherever the world takes them.
“Stablecoins are becoming an important part of how people and businesses manage money across borders,” said Victor Alade, CEO and Co-founder of Raenest. “With Stablecoin Vault, we’re giving users more ways to put their balances to work, while continuing to build a platform that brings global money management into one place.”
How Raenest Stablecoin Vault works
Stablecoin Vault is available to eligible users across Raenest’s markets in Africa, Latin America, and Asia. Users can fund their Vault with USDC, USDT, USD, NGN, GBP, and other supported currencies, which are converted into the relevant stablecoin balance.
Once funded, eligible users can earn up to 7% variable APY on their stablecoin balance. The Vault is designed to make earning yield a flexible part of managing money, with:
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- Daily interest: Yield is paid out daily and automatically reflected in the user’s balance.
- No lock-up: Users can access, add to, or withdraw their funds at any time, 24/7.
- Flexible funding: Users can fund their Vault with stablecoins or supported fiat currencies, including USDC, USDT, USD, NGN, and GBP. Terms and conditions apply.
More ways to manage stablecoins on Raenest
Stablecoin Vault is part of Raenest’s stablecoin offering, giving users more ways to manage USDC and USDT alongside the currencies they already use. Users can create dedicated USDC and USDT wallet addresses to receive and hold their stablecoins in their original form, bringing more of their global money into one place.
From there, users can move their stablecoins across borders with greater flexibility. They can send USDC and USDT across supported networks, or convert between stablecoins and fiat currencies as their needs change.
That flexibility extends to everyday spending. Users can spend directly from their stablecoin balances with their Raenest Card, alongside their fiat currency balances, including USD, GBP, EUR, and NGN, connecting how they receive, move, convert, and spend money across currencies.
Together, these capabilities bring stablecoin management into the same place where users manage their traditional currencies, giving them more ways to receive, hold, move, convert, spend, and earn as they participate in the global economy.
For Raenest, this is part of a larger ambition: to build a financial platform that gives people and businesses greater control over how they manage, move, and grow their money as new opportunities emerge.
About Raenest
Raenest is a global financial platform that helps global earners and businesses manage money across borders. Through Raenest, customers can open multicurrency accounts in USD, GBP, and EUR; hold USDC and USDT; send and receive international payments; access dollar cards; pay for services worldwide; invest in U.S. stocks; and earn yield on their stablecoin balances.
Raenest serves more than one million users across 50+ countries and has processed over $2 billion in transactions. The company is backed by leading investors including QED Investors, Norrsken22, Ventures Platform, P1 Ventures, and Seedstars.
For more information, visit www.raenest.com. Raenest is available on the iOS App Store and Google Play Store.
Disclaimer
Vault isn’t a bank account, so it isn’t covered by deposit insurance. Your funds are generally secure, but because Vault generates yield through DeFi protocols, returns can change with market conditions and are not guaranteed. In exceptional circumstances, the value of your assets could be affected.
