The questions worth answering up front.

Northvault deploys pooled USDC and USDT deposits into a curated portfolio of European business loans, sourced through licensed loan originators. Borrowers pay 14–22% APR depending on rating and term. We retain a margin to cover loan losses, operating costs, and our profit; the rest is distributed to depositors as advertised yield. The full chain is on our Transparency page.

Because they are. The composition of the loan book changes over time, defaults vary across cycles, and originator economics shift. The advertised APY is the platform's current target — not a contractual guarantee.

Yes. Tiers from Bronze to Platinum add up to +1.5% APR on top of the base rate, based on average balance. Tier benefits are described on the Rewards page in the dashboard.

Interest accrues continuously and is credited daily into your balance, in the same stablecoin you deposited. It compounds automatically — no action required.

Yes. There are no fixed lockups. Withdrawals to allowlisted addresses typically settle same-day. New addresses are subject to a 24-hour security review, and step-up authentication is required.

We hold a liquidity reserve (target 15% of AUM at minimum) specifically for redemption pressure. In extreme stress events — historically rare but real — withdrawals may be queued while loans wind down naturally. Any queue is processed first-in-first-out.

Network fees are paid by Northvault for withdrawals on Solana. Larger or expedited withdrawals on other networks (when added) may carry network-level fees, which will be displayed before you confirm.

Counterparty risk (originator solvency), borrower default cascades, stablecoin issuer risk (USDC/USDT depeg), liquidity stress, custody risk, and regulatory change. The Risk page covers each one in detail. Capital is at risk and rates are not guaranteed.

Loans we deploy into are subject to a 60-day buyback obligation by the originator. If a borrower goes 60+ days delinquent, the originator buys the loan back at par (principal + accrued interest). If an originator can't honor a buyback, recovery falls to the underlying loan; this is why we cap any single originator at 25% of the book.

We monitor issuer reserves and split exposure across USDC and USDT. We can't insulate users from issuer-level events, but the diversification reduces concentration risk. In a depeg scenario, withdrawals may be temporarily restricted while we assess impact.

Annual statements are produced where required by your jurisdiction. Year-round activity exports are always available from Tax Documents in your dashboard. We are not a tax advisor.

In most jurisdictions, yield earned on stablecoin deposits is treated as interest or other income. Specific treatment depends on your residency. Consult a qualified tax professional.

Most of the European Economic Area, the United Kingdom, the UAE, and selected non-restricted jurisdictions. Northvault is not available in the United States or in any sanctioned country. Eligibility is determined at signup and may be re-evaluated.

If you become ineligible after signup, we'll notify you, pause new deposits, and work with you to redeem your balance under the standard withdrawal flow.

Operating a stablecoin yield product for US persons under US securities law and state money-transmitter regimes is not the path we've chosen. We've designed the product, the entity, and the perimeter for users outside the US.