Crypto exchange KuCoin launched a yield product called KCUSD on Sept. 7, opening access to eligible retail clients, high-net-worth users, and institutional users. The product can be subscribed to with USDT, USDC, or USDG, with a minimum entry amount equivalent to $1. KuCoin said there is no subscription fee and users can redeem in the same asset they used to subscribe. KCUSD uses a hold-to-earn structure, with a base dynamic annualized yield of up to 4%. During the initial launch period, users who deploy eligible new funds can receive annualized yields of up to 6%. KuCoin also said it plans to integrate KCUSD as margin collateral in the future, linking liquidity, yield generation, and trading functions. The update was reported by Bitcoin.com News.
Crypto exchange KuCoin launched a yield product called KCUSD on Sept. 7, according to an Odaily report citing Bitcoin.com News.
The product is available to eligible retail users, high-net-worth users, and institutional clients. Users can subscribe with USDT, USDC, or USDG, with a minimum amount equivalent to $1. KuCoin said the product carries no subscription fee and supports redemption in the same asset.
KCUSD follows a hold-to-earn model. KuCoin said the product offers a base dynamic annualized yield of up to 4%.
During the launch period, users who subscribe with eligible new funds can receive annualized yields of up to 6%.
KuCoin added that it plans to integrate KCUSD as margin collateral later on, connecting liquidity, yield, and trading functions.
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