Raenest, a global money management platform for people and businesses in emerging markets, has announced the launch of Stablecoin Vault, a new feature that allows eligible users to earn up to 7% variable APY on their USDC and USDT balances directly within the Raenest app.

The company said the launch reflects a broader 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 across borders. For readers new to the assets involved, USDC and USDT are dollar-pegged stablecoins issued by Circle and Tether, respectively, designed to track the value of the U.S. dollar and commonly used to send value across borders. Raenest said it is building toward a future where these capabilities are not fragmented across separate financial systems but brought together in a single 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."

Vault Features

Stablecoin Vault is available to eligible users across Raenest's markets in Africa, Latin America, and Asia. The product is designed to make earning yield a flexible part of money management, with the following features:

• 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, EUR, and GBP. Terms and conditions apply.

The Stablecoin Vault is powered by Gauntlet, a risk management firm that has secured and optimised DeFi protocols since 2018. Gauntlet today curates more than $1.5 billion in assets across its vaults for over 150 fintechs and institutions, including Raenest. Because the Vault generates its yield through DeFi protocols, the involvement of a specialist risk manager sits at the core of how the product is structured. The company noted that the APY on the Vault is variable and may change based on market conditions, meaning the headline "up to 7%" figure is a ceiling rather than a guaranteed return.

Part of a Broader Stablecoin Offering

Stablecoin Vault forms part of Raenest's wider stablecoin offering, giving users additional 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 also extends to everyday spending. Users can spend directly from their stablecoin balances with the Raenest Card, alongside their fiat currency balances in USD, GBP, and EUR, connecting how they receive, move, convert, and spend money across currencies.

For Raenest, the launch 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. From here, the details to watch are how the variable APY moves with market conditions and how eligibility requirements shape access across the platform's markets in Africa, Latin America, and Asia.

About Raenest

Raenest is a global financial platform that helps global earners and businesses manage money across borders. Through the platform, 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 more than 50 countries and has processed over $2 billion in transactions. The company is backed by investors including QED Investors, Norrsken22, Ventures Platform, P1 Ventures, and Seedstars. Additional information is available at www.raenest.com, and the Raenest app is available on the iOS App Store and Google Play Store.

Disclaimer

The Vault is not a bank account and is not covered by deposit insurance. According to the company, funds are generally secure, but because the Vault generates yield through DeFi protocols, returns can change with market conditions and are not guaranteed. In exceptional circumstances, the value of users' assets could be affected.

Editor's note: This article is based on a sponsored press release published by BitcoinKE.