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

The rollout arrives as stablecoins play an increasingly prominent role in cross-border payments and the broader global economy. Beyond making payments faster and more accessible, stablecoins are opening new ways for people to receive, hold, move, spend, and grow their money internationally. With Stablecoin Vault, Raenest is consolidating more of these capabilities into a single, connected financial experience, giving users greater flexibility to manage their money wherever they are. For the freelancers, remote workers, and businesses the platform serves — who can already hold USDC and USDT alongside fiat balances — the feature ties earning potential to money kept in the same app they use to receive payments and manage spending.

"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."

Introducing Raenest Stablecoin Vault

Stablecoin Vault is available to eligible users across Raenest's markets in Africa, Latin America, and Asia. Users can fund the Vault with USDC, USDT, USD, NGN, EUR, 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 balances. The product is designed to make yield generation a flexible part of everyday 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: The Vault can be funded with stablecoins or supported fiat currencies, including USDC, USDT, USD, NGN, and GBP. Terms and conditions apply.

The company notes that the APY is variable and may change based on market conditions. That variability reflects how the product works: rather than operating as a bank account, the Vault generates yield through DeFi protocols, so returns are not guaranteed and balances are not covered by deposit insurance.

More Ways to Manage Stablecoins on Raenest

Stablecoin Vault forms part of Raenest's broader stablecoin offering, which gives 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, sending USDC and USDT over supported networks or converting 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, 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, expanding the ways they can receive, hold, move, convert, spend, and earn as they participate in the global economy. For Raenest, the launch reflects 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 Technology Solutions is a global financial platform that helps freelancers, remote workers, businesses, and individuals manage money across borders. Through Raenest, customers can multicurrency accounts in USD, GBP, and EUR; hold USDC and USDT; send and receive international payments; access dollar cards; pay for services worldwide; and earn yield on their balances.

The company serves more than one million users across 50+ countries and has processed over $2 billion in transactions. Raenest is backed by investors including QED Investors, Norrsken22, Ventures Platform, P1 Ventures, and Seedstars. More information is available at www.raenest.com, and the app can be downloaded from the iOS App Store and Google Play Store.

Disclaimer

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

Source: TechNext24