Best USDC (USD Coin) Interest Rates of Dec 2024

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 asset for a fixed amount of time, the best USD Coin 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 USDC 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 USD Coin 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 might be 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, rather than letting it sit idle. 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 assets. For example, USD Coin could depeg from the US dollar, or a CeFi platform could halt withdrawals on the coins 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 (though very different from traditional bank 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 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.