Trust Wallet launches ‘Stablecoin Earn’ allowing users to earn on stablecoins like USDC and USDT with no lock-up periods. The feature provides onchain strategies for passive earning while keeping full control over assets. Users can access various blockchains without the need for complex DeFi setups. Unfortunately, the service is not currently available in the UK or U.S.
Trust Wallet has recently unveiled its Stablecoin Earn feature, allowing users to deposit stablecoins and potentially earn rewards without any cumbersome lock-up periods. Users now have the flexibility to earn on prominent stablecoins such as USDC, USDT, DAI, and USDA while maintaining full control of their assets. The service, which is available on various blockchains including Ethereum and BNB Chain, relies on secure and automated onchain strategies designed to simplify the process of generating passive income.
Eowyn Chen, the CEO of Trust Wallet, noted the motivation behind this new offering stemmed from observing that many Trust Wallet users’ USDT remained inactive even in bullish market conditions. He mentioned the importance of empowering users to utilise their assets while also supporting liquidity for various on-chain projects. The main goal is clear: make earning passive rewards straightforward without users losing any control.
The mechanics of Stablecoin Earn are fairly user-friendly. Essentially, users can deposit their stablecoins directly from the wallet interface, with no need to navigate complicated DeFi protocols. Once deposited, the earning can commence immediately without worrying about complex managing strategies. Furthermore, the service allows users to withdraw or deposit at any time without any hassles on lock-ups.
With Stablecoin Earn, users aren’t just earning passively; they can also take advantage of multiple DeFi protocols all in one platform. Participants may earn across several blockchains including Ethereum, BNB Chain, Base, and Arbitrum while enjoying complete non-custodial access—a feature that differentiates Trust Wallet from many competitors. Moreover, select vaults offer bonus rewards, such as MORPHO tokens, which boosts the overall earning potential for users.
Trust Wallet has collaborated with Kiln, a digital asset rewards management platform, to support the backend of Stablecoin Earn. This collaboration provides users with access to top-tier DeFi infrastructure and strategies. Morpho, which offers additional incentives like MORPHO token rewards for using certain vaults, is at the forefront of this initiative. According to Morpho’s CEO, their platform has been designed to ensure secure and effortless earning, making DeFi yields accessible to regular users.
Lazslo Szabo, from Kiln, expressed enthusiasm about the integration with Trust Wallet, which has been a valued partner for years. In his remarks, he noted that as the popularity of stablecoins continues to grow, especially during market upswings, this new feature aims to enhance the user experience significantly. The goal is to simplify stablecoin yield access while expanding innovation in the sector.
However, users from the UK and US should be aware that this feature won’t be available in those regions for now. Trust Wallet continues to emphasise its mission of providing a secure self-custody solution for managing digital assets without compromising on safety or complexity. If you’re looking to explore earning opportunities with your stablecoins, grab Trust Wallet now—but remember, for those in the UK, it’s a no-go for the moment!
