November 26, 2020

Stablecoin Savings Account

Find and compare the best stablecoin savings accounts paying the highest annualized yields. Anyone unfamiliar with the topic of stablecoins may want to read our stablecoin guide.

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Keeping your cryptocurrency savings in volatile assets such as Bitcoin may not be everyone’s cup of tea, so why not consider parking your underutilised funds across a portfolio of stable coin savings accounts?

A stablecoin savings account resembles a bank savings account in some ways except with a much higher yield. You must know by now that anything with a higher return will intrinsically carry a higher level of risk although with some diversification and good common sense it is possible to attain a very decent return building a portfolio of high-yield stablecoin saving accounts.

As you may already know, deposits made to bank accounts are protected by federal deposit insurance (usually insuring up to a certain amount) so if the bank that you hold your fiat money fails, all or (a proportion) of your funds will be returned to you. You will not have the same level of protection and insurance when parking funds in unregulated cryptocurrency platforms.

Cryptocurrency platforms have been prone to major hacks and scams while many do not have any insurance policies in place to protect your funds. So, of course, you must recognise all of these risks if you plan to tie up a proportion of your wealth in a cryptocurrency exchange or wallet for a prolonged period of time.

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Best Stablecoin Savings Accounts 2020

Updated: October 2020

Stablecoin Saving Accounts:
White Paper
Max APR
KuCoin (locked)**
Celsius Network*
Binance (flexible)
Youhodler
Ledn
Huobi Global (locked)***
Binance (locked)
Visit Site:
-
-

# of Stablecoins:
-
-
1
12
4
6
1
1
3
Max APR:
-
-
102.00%
15.89%
15.69%
12.00%
11.70%
7.30%
7.00%
Binance US Dollar (BUSD)
-
15.89%
-
11.55%-15.89%
15.69%
-
-
-
6.31%-7.00%
Gemini Dollar (GUSD)
15.89%
-
11.55%-15.89%
-
-
-
-
-
HUSD (HUSD)
12.00%
-
-
-
12.00%
-
-
-
Multi-Collateral DAI(MCDAI)
15.89%
-
11.55%-15.89%
-
-
-
-
-
Paxos (PAX)
15.89%
-
11.55%-15.89%
-
12.00%
-
-
-
Saga (SGA)
15.89%
-
11.55%-15.89%
-
-
-
-
-
Tether (USDT)
102.00%
38.00%-102.00%
11.55%-15.89%
3.87%
12.00%
-
5.50%-7.30%
6.31%-7.00%
DAI (DAI)
12.00%
-
-
4.20%
12.00%
-
-
-
True Australian Dollar (TAUD)
-
15.89%
-
11.55%-15.89%
-
-
-
-
-
True Canadian Dollar (TCAD)
-
15.89%
-
11.55%-15.89%
-
-
-
-
-
True Great Britain Pound(TGBP)
-
15.89%
-
11.55%-15.89%
-
-
-
-
-
True Hong Kong Dollar (THKD)
-
15.89%
-
11.55%-15.89%
-
-
-
-
-
True USD (TUSD)
-
15.89%
-
11.55%-15.89%
-
12.00%
-
-
-
USD Coin (USDC)
15.89%
-
11.55%-15.89%
3.87%
12.00%
11.70%
-
6.31%-7.00%

Table Disclaimer
The data in our tables are updated daily and are for indicative purposes only. The source data from the staking provider may change without notice. Do not make any staking decisions without having checked the source data directly with the relevant staking provider first.

* Celsius Network awards users with a higher APR for opting to receive earnings in the native CEL token.
** This data makes reference to the “crypto interest” that is earned from the KuCoin’s lending product for USDT. The interest rate range represents the average annualised APR earned on the 7 and 28-day lending products.
*** Refers to the APR earned from Houbi Global’s C2C lending product.

Why do we group savings and lending products?

We do this because the core function is essentially the same. You don’t go to the bank and deposit your funds in a lending account? At its core, crypto lending is a disintermediated form of banking whereby crypto borrowers and lenders (or savers) agree to transact a loan at an agreed rate of interest.

In addition to stablecoin savings, we are also tracking the best bitcoin savings accounts as well as staking where annualised yields are as high as 120%!