Everything you need to understand stablecoin yield.
Clear, jargon-free guides for people deciding whether — and how — to earn on their USDC and USDT. No hype, no shortcuts; just how it actually works, written by operators who run the strategy book.
Three ways to learn — choose the one that fits.
Same body of material, three different sequences. Pick the one closest to who you are; the other two are always one click away.
Start at the basics. What a stablecoin is, why anyone holds them, where yield comes from, and how to think about risk before you put a dollar in.
For finance teams and DAO operators making allocation decisions. Strategy mechanics, comparison of yield sources, and the diligence questions worth asking.
For investors doing real diligence before opening an account. Strategy book, risk model, custody, governance, and the limits of every claim made on the site.
Browse the full library.
The vocabulary of stablecoin yield.
A small preview of the working glossary — the words we use consistently across the product, transparency and risk pages.
Open the full glossary- AccrualContinuous build-up of yield against a principal balance.
- APYAnnual percentage yield — the compounded annualised rate.
- AttestationThird-party point-in-time report confirming a fact (e.g. reserves).
- Basis tradeMarket-neutral position capturing spot/derivatives spread.
- DepegWhen a stablecoin trades materially away from its peg.
- Impermanent lossOpportunity cost incurred by liquidity providers.
- MM lendingOver-collateralised loans to trading firms.
- Multi-sigWallet requiring multiple approvers for outflows.
- OracleOn-chain feed supplying external data to smart contracts.
- Reserves sleeveShort-duration cash equivalents — the liquidity floor.
- RWAReal-world asset — tokenised off-chain instruments.
- Tokenised treasuryOn-chain wrapper for short-duration US treasury bills.
See what your USDC or USDT could earn at the published APY band.
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