Raenest has launched Stablecoin Vault, a new product that allows eligible users to earn up to 7% variable APY on USDC and USDT balances directly through the platform.
The launch expands Raenest’s proposition from moving and managing money across currencies to allowing users to earn yield on eligible stablecoin balances.
Raenest already allows users to hold fiat currencies including USD, GBP, EUR and NGN alongside USDC and USDT. With Stablecoin Vault, the company is adding another layer to that multi currency model.
How Stablecoin Vault Works
Eligible users across Raenest’s markets in Africa, Latin America and Asia can fund their Vault with supported stablecoins or fiat currencies.
The platform says supported funding options include USDC, USDT, USD, NGN, EUR and GBP, with fiat balances converted into the relevant stablecoin balance.
Once funded, eligible users can earn up to 7% variable APY on their stablecoin balance.
Raenest says interest is paid daily and automatically reflected in users’ balances. The Vault also has no lock up period, meaning users can access, add to or withdraw their funds at any time, subject to the applicable terms.
The company stressed that the advertised APY is variable and can change based on market conditions.
Stablecoins Become a Bigger Part of Raenest
The Vault builds on Raenest’s existing stablecoin infrastructure.
Users can create dedicated USDC and USDT wallet addresses to receive and hold the assets, while supported stablecoins can also be transferred across supported networks or converted into fiat currencies.
The company also allows users to spend from their stablecoin balances through its card alongside fiat balances.
This gives Raenest a broader role in how users interact with stablecoins, moving beyond simply receiving or transferring digital dollars.
Victor Alade, CEO and co founder of Raenest, said stablecoins are becoming an important part of how individuals and businesses manage money across borders.
“With Stablecoin Vault, we’re giving users more ways to put their balances to work,” Alade said.
From Money Movement to Money Management
The launch reflects a broader evolution in Raenest’s product strategy.
The platform started around the needs of people and businesses managing international payments and has progressively brought more financial functions into a single account.
Users can now hold multiple fiat currencies, manage stablecoins, send and receive international payments, convert between currencies and spend through the platform.
Stablecoin Vault adds an earning component to that ecosystem.
Rather than requiring users to move their stablecoins to a separate service to access the Vault product, Raenest is bringing the feature into its existing money management platform.
The company says it serves more than one million users across over 50 countries and has processed more than $2 billion in transactions.
Raenest is also backed by investors including QED Investors, Norrsken22, Ventures Platform, P1 Ventures and Seedstars, according to the company.
For Raenest, the latest launch extends its push to make stablecoins part of a broader financial account, combining holding, payments, transfers, conversion and now yield within the same platform.
For users, the key distinction remains that the up to 7% APY is variable, meaning the rate is not guaranteed and can change over time.
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