KuCoin Launches Interest-Bearing Stablecoin Asset KCUSD with Up to 4% Standard Annual Yield

According to Techub News, KuCoin has launched a new interest-bearing US dollar asset called KCUSD. Users can subscribe using USDT, USDC, or USDG at a 1:1 ratio, with no fixed lock-up period. The standard annualized yield is up to 4%, and eligible participants can receive a promotional annualized yield of up to 6%. Earnings are calculated daily and automatically compounded. KCUSD can be used within the KuCoin ecosystem and integrated as trading collateral into its unified trading account. Eligible VIP users can continue to earn returns on staked assets while trading. Users can redeem KCUSD at any time back into the originally deposited stablecoin. (BeInCrypto)