KuCoin launches KCUSD yield product with dynamic APY up to 6%

Odaily News: Crypto exchange KuCoin launched its yield product KCUSD on September 7, available to eligible retail, high-net-worth, and institutional users. Users can subscribe using USDT, USDC, or USDG, with a minimum investment of $1 equivalent in assets. No subscription fees are charged, and redemptions are supported in the same asset.

KCUSD adopts a hold-to-earn model, offering a base dynamic annualized yield of up to 4%. During the initial launch period, users who deploy qualifying new funds can earn an annualized yield of up to 6%.

KuCoin stated that it plans to integrate KCUSD as margin collateral in the future, connecting liquidity, yield, and trading functionality. (Bitcoin.com News)