Sign In
Sign Up
DeFinda Logo
Find & Compare DeFi Products
usd logo USD
Home Savings Accounts Stablecoin Savings Rates

Compare The Best Stablecoin Savings Accounts
May 2022

EARN UP TO 20% APR ON YOUR STABLECOINS. Many platforms offer excellent savings rates on stablecoins. Allocating a proportion of your crypto portfolio to stablecoins and investing the coins in yield bearing savings accounts can be an excellent way of building your crypto wealth.
382 savings accounts monitored
Platform Reviews Advantages Interest Rate
Bulgaria
87%
Compare
$25 Free BTC When you deposit $100 or more in assets on the platform. View all Nexo deals
tickVery simple & easy to use
tickNo hidden fees
tickInterest paid daily
FROM
8%
APY
TO
20%
APR
Interest paid DAILY
Go To SiteGo
Estonia
90%
Compare
Earn 0.1% cashback on every exchange and loan + 0.05% monthly cashback on savings. View all Coinloan deals
tickHigh LTV of up to 70% available on loans
tickHigh savings account interest rates
tickDaily compound interest
FROM
10.3%
APY
TO
12.3%
APY
Interest paid MONTHLY
Go To SiteGo
United States
76%
Compare
Get $250 free BTC when you deposit $100,000. CodeClick to Reveal Code View all BlockFi deals
tickTransfers in and out of savings account are instant
tickOne of the only major platforms to be based in and fully regulated in the US
tickFull transparency on company location and regulation status
FROM
4%
APY
TO
7.25%
APY
Interest paid MONTHLY
Go To SiteGo
Switzerland
81%
Compare
Win a Macbook Pro When you trade crypto with YouHodlers MultiHODL product. View all YouHodler deals
tickVery high LTV up to 90% available on loans
tickInnovative Multi-HODL product allows market speculation with savings funds
tickTurbocharge allows highly leveraged speculation on crypto assets with multiple loans on one deposit of collateral
FROM
10%
APR
TO
12.3%
APR
Interest paid WEEKLY
Go To SiteGo
Canada
88%
Compare
$25 USDC cashback when you take out a loan. View all Ledn deals
tickUltra simple model
tickNo hidden fees
tickOnly one interest payment at end of 12 month term required on loans
7.5%
APY
Interest paid MONTHLY
Go To SiteGo
United Kingdom
77%
Compare
$5,000 Free CEL When you deposit $100k in CEL. CodeClick to Reveal Code View all Celsius Network deals
tickNo hidden fees
tickGet higher savings rates and lower loan by investing in CEL Token
tickEasy to use phone app
FROM
2.53%
APY
TO
19.8%
APY
Interest paid WEEKLY
Go To SiteGo
Hong Kong
75%
Compare
$50 free CRO when you deposit $1,000 or more in CRO. CodeClick to Reveal Code View all Crypto.com deals
tickFully comprehensive suite of crypto services
tickAutomatically buy cryptos on a fixed schedule - great for dollar cost averaging
tickRegulated & trustworthy
FROM
1.5%
APR
TO
2%
APR
Interest paid WEEKLY
Go To SiteGo
United Kingdom
77%
Compare
tickVery low loan rates available
tickNo origination or early redemption fees
tickInterest accrued every second
FROM
0.00554%
APY
TO
2.61%
APY
Interest paid EVERY SECOND
Go To SiteGo
Lithuania
94%
Compare
10% off fees 10% off trading fees. CodeClick to Reveal Code View all Binance deals
tickThe biggest crypto platform in the world
tickHuge array of innovative crypto related services
tickHigh liquidity exchange offers competitive rates
FROM
0.3%
APY
TO
5%
APY
Interest paid DAILY
Go To SiteGo
United States
81%
Compare
$10 free Bitcoin when you buy or sell more than $100. View all Coinbase deals
tickThe largest crypto exchange in the US
tickSimple, easy to understand interface
tickFully regulated in the US
2.83%
APY
Interest paid DAILY
Go To SiteGo
Singapore
95%
Compare
Free 70 USDT When you deposit $11,000. CodeClick to Reveal Code View all Hodlnaut deals
tickVery simple easy to understand interface
tickInterest accrued daily and paid out weekly
tickEnhanced interest rates available for big depositors (over 100 BTC)
FROM
0.5%
APR
TO
9%
APR
Interest paid WEEKLY
Go To SiteGo
United Kingdom
82%
Compare
£10 Free BTC when you buy or sell £100 in crypto. CodeClick to Reveal Code View all Luno deals
tickEasy to use mobile and web apps
tickStrong support in a number of developing countries
tickLow exchange fees if you use the Luno exchange
7.6%
APR
Interest paid MONTHLY
Go To SiteGo
United Kingdom
81%
Compare
Earn 75 USDT Gte paid 75 USDT for every friend that you refer to the AQRU platform. View all AQRU deals
tickSimple, easy to use interface
tickCompetitive exchange rates
tickCompetitive interest rates for large deposits
3%
APY
Interest paid EVERY SECOND
Go To SiteGo
Important Message Definda does not provide any financial advice. All information is provided for research purposes only. DeFi is a rapidly evolving industry. Most businesses in the sector are very young and it is possible that some of them could go out of business in the future. Such an event could result in the loss of your investment. You should do your own research on any business before investing any money. We offer a free impartial comparison service of savings, loans and other DeFi products. We may receive a small commission from some of the companies listed, but this never influences our rankings. If you spot any errors in the information listed then please contact us at info@definda.com.

What are Stablecoins?

Stablecoins are a type of cryptocurrency that is designed to track the value of a non-crypto asset, for example fiat currencies such as the US Dollar, or a physical asset such as gold.

Whilst many cryptocurrencies such as Bitcoin offer features that make them a compelling investment choice, they do remain quite volatile in price. Some investors may choose to move part of their investment into a stablecoin as a means of protecting their wealth if they think the crypto market is falling.

Others may deliberately hold part of their portfolio in stablecoins in order to generate passive income from the high savings yields available, or to enable them to quickly move funds between exchanges to take advantage of arbitrage opportunities (difference in prices) between the exchanges.

What Is a Stablecoin Saving Account?

Defi platforms offer stablecoin saving accounts besides other crypto saving accounts. You can send fiat currencies to the defi and centralized crypto platforms and earn interest by holding them in a saving account.

The Federal Reserve of the United States issued Dollars and followed an expansive fiscal policy during the pandemic. Inflation rates have new highs and prices are going up constantly in the United States. This is very new for Americans. Interest rates offered by traditional banks are not satisfying anymore in 2021.

Defi platforms offer very competitive rates for stablecoins saving accounts with very flexible terms and conditions. There are advantages and disadvantages of Defi platforms compared to traditional banks.

How Do Stablecoins Hold Their Value?

There are three main ways that stablecoins keep their value constant against non-crypto assets (e.g. the US Dollar):

Centralised vs Decentralised Stablecoins

One of the biggest appeals of the cryptocurrency space is its decentralised nature. No central controlling entity makes many cryptocurrencies highly censorship resistant and immune to government interference in their value.

When it comes to stablecoins some of these decentralisation benefits can be lost because a centralised issuing entity exists that manages the collateral.

For example one of the most popular and oldest stablecoins, Tether (USDT) is issued by a company, Tether Ltd. As a business that is holding traditional collateral on behalf of investors, Tether Ltd is required to comply with all the various money laundering and KYC rules. Whilst governments would argue that these rules are designed to protest investors, it does mean that Tether Ltd could freeze your funds if required to do so.

The crypto community recognises the centralisation problem that comes with some stablecoins and has established a number of innovative decentralised alternatives. MakerDAO is a Decentralised Autonomous Organisation (DAO) and as such there is no central entity. MakerDAO issues its own stablecoin, DAI, on the Etheruem blockchain. The value of the coin is automatically stabilised by smart contracts on the Ethereum blockchain meaning that no single entity is in control.

Why Are Stablecoin Yields so High?

Savings interest rates for stablecoins are amongst the highest available across all cryptocurrencies. The reason that platforms offer such high rates for stablecoins is that they have high demand for loans denominate in these currencies, particularly from institutional investors that are looking to borrow stablecoins in order to increase their leverage on speculative cryptocurrency trades.

What are the Advantages of a Stablecoin Saving Account?

Stablecoins have a much higher APR compared to fiat currencies. Crypto platforms offer interest rates up to 12% APR for stablecoin saving accounts. Traditional banks offer very low APR. Enjoying the high yield on a stable coin saving account is a great way against inflation.

The best thing about stable coins is they have a stable price. The price of a stable coin doesn’t fluctuate as the other cryptocurrencies make sharp moves. You can always withdraw stable coins to your bank account or send someone. There are many apps allowing you to send stablecoins. There are crypto debit and credit cards where you can spend stable coins.

But of course, low risk brings a smaller yield. Make good research before deciding how you will use your savings. Make good research about the stable coins issuer company.

What are the risks of Stablecoins?

Stablecoins are issued by private companies. They are not regulated and not federally protected. You should be aware of that before you invest in stablecoins. Especially centralized platforms can suddenly interfere with your and block your funds. They can require you to do identity verification and KYC. Go to our Platforms page and learn more about centralized and decentralized platforms before deciding to open a stable coin saving account.

Platform Comparisons

Article by Yunis
20 July 2021 (Updated 23 May 2022)

Why Compare With Definda?

tick Completely Impartial

We always rank and compare products objectively and impartially.

tick Careful Research

We carefully research products for legitimacy before adding them to the platform.

tick We Never Sell Your Data

We never sell or disclose your data to anyone.

© DeFinda 2022