KuCoin Launches KCUSD Yield Product with Up to 6% APY

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KuCoin News: The exchange has launched a new yield product called KCUSD, offering up to 6% annualized yield for retail, high-net-worth, and institutional users. Qualified participants can stake USDT, USDC, or USDG with a minimum of $1 and no subscription fee. KuCoin updates include plans to use KCUSD as collateral for margin trading, integrating liquidity, yield, and trading functionalities.

Odaily Planet Daily report: Cryptocurrency exchange KuCoin launched its yield product KCUSD on September 7, available to eligible retail, high-net-worth, and institutional users. It supports subscriptions using USDT, USDC, or USDG, with a minimum investment of $1 worth of assets, no subscription fees, and redemption in the same asset.

KCUSD follows a hold-to-earn model, with a base dynamic annual yield of up to 4%. During the launch period, users who deploy eligible new funds can achieve an annual yield of up to 6%.

KuCoin stated that it plans to integrate KCUSD as margin collateral to connect liquidity, yield, and trading functionalities. (Bitcoin.com News)

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