Raenest expands stablecoin offering, bringing receiving, spending and yield earning into one experience

Raenest, a global money management platform for people and businesses in emerging markets, today announced the launch of Stablecoin Vault, enabling eligible users to earn up to 7% variable APY on USDC and USDT balances directly within the Raenest app.

The launch comes as stablecoins become a growing part of how money moves across borders and within the global economy. Beyond enabling faster and more accessible payments, stablecoins are creating new ways for people to receive, hold, move, spend, and grow their money globally. With Stablecoin Vault, Raenest is bringing more of these capabilities together in one connected financial experience, giving users greater flexibility to manage their money and make it work harder wherever they are.

“Stablecoins are becoming an important part of how people and businesses manage money across borders,” said Victor Alade, CEO and Co-founder of Raenest. “With Stablecoin Vault, we’re giving users more ways to put their balances to work, while continuing to build a platform that brings global money management into one place.”

Introducing Raenest Stablecoin Vault

Stablecoin Vault is available to eligible users across Raenest’s markets in Africa, Latin America, and Asia. Users can fund their Vault with USDC, USDT, USD, NGN, EUR, GBP, and other supported currencies, which are converted into the relevant stablecoin balance.

Once funded, eligible users can earn up to 7% variable APY on their stablecoin balance. The Vault is designed to make earning yield a flexible part of managing money, with:

• Daily interest:

  Yield is paid out daily and automatically reflected in the user’s balance.

• No lock-up:

  Users can access, add to, or withdraw their funds at any time, 24/7.

• Flexible funding:

  Users can fund their Vault with stablecoins or supported fiat currencies, including USDC, USDT, USD, NGN, and GBP. Terms and conditions apply.

**Note that: APY is variable and may change based on market conditions.

More ways to manage stablecoins on Raenest

Stablecoin Vault is part of Raenest’s stablecoin offering, giving users more ways to manage USDC and USDT alongside the currencies they already use. Users can create dedicated USDC and USDT wallet addresses to receive and hold their stablecoins in their original form, bringing more of their global money into one place.

From there, users can move their stablecoins across borders with greater flexibility. They can send USDC and USDT across supported networks, or convert between stablecoins and fiat currencies as their needs change.

That flexibility extends to everyday spending. Users can spend directly from their stablecoin balances with their Raenest Card, alongside their fiat currency balances, including USD, GBP, EUR, and NGN, connecting how they receive, move, convert, and spend money across currencies.

Together, these capabilities bring stablecoin management into the same place where users manage their traditional currencies, giving them more ways to receive, hold, move, convert, spend, and earn as they participate in the global economy.

For Raenest, this is part of a larger ambition: to build a financial platform that gives people and businesses greater control over how they manage, move, and grow their money as new opportunities emerge.

About Raenest

Raenest Technology Solutions is a global financial platform that helps freelancers, remote workers, businesses, and individuals manage money across borders. Through Raenest, customers can open multicurrency accounts in USD, GBP, and EUR; hold USDC and USDT; send and receive international payments; access dollar cards; pay for services worldwide; and earn yield on their balances.

Raenest serves more than one million users across 50+ countries and has processed over $2 billion in transactions. The company is backed by leading investors including QED Investors, Norrsken22, Ventures Platform, P1 Ventures, and Seedstars.

For more information, visit www.raenest.com. Raenest is available on the iOS App Store and Google Play Store.

Disclaimer

Vault isn’t a bank account, so it isn’t covered by deposit insurance. Your funds are generally secure, but because Vault generates yield through DeFi protocols, returns can change with market conditions and are not guaranteed. In exceptional circumstances, the value of your assets could be affected.

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