Onchain USDC and USDT deposits reach $5 million cap, Andre Cronje notes

Traders Union
All News
Market Voices
Onchain USDC and USDT APY at 10 percent

Top Stories

Editors' Picks

Stocks

Crypto

Economics

Currencies

Commodities

Market Voices

Companies

Daria Chernytska

50 min ago

Onchain USDC and USDT deposits reach $5 million cap, Andre Cronje notes — Onchain USDC and USDT APY at 10 percent

Andre Cronje, chief technology officer at Sonic Labs (formerly known as Fantom), stated that deposits of USDC and USDT on the referenced DeFi platform have reached the current cap of $5 million, with sustained annual percentage yields above 10 percent for over a month.

Cronje added that the cap is set to rise to $100 million. The yield remains fully onchain, liquid, and comes with no lockups or offchain dependencies.

Loading...

The tweet was deleted by the author.

But we saved everything 🙂.

Cronje previously reported that USDC and USDT on Ethereum delivered about 14.71% yields amid strategy scaling efforts, while yields on Sonic reached 7% during the same period, according to recent disclosures. He also noted that USDC and USDT could earn 13.74% APY on Ethereum via ftUSD, citing additional deposit capacity at that time in a separate update. These figures provide context for the current yield environment on the Sonic platform.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

Did you like the article?

Editor's Picks for You

Crypto test drive: How automakers are exploring digital assets

By Anastasiia Chabaniuk
5 hours ago

Crypto test drive: How automakers are exploring digital assets

Editors' Picks

Lindsey Graham death: U.S. senator’s crypto legacy

By Mikhail Vnuchkov
Yesterday

Lindsey Graham death: U.S. senator’s crypto legacy

Editors' Picks

Tether under pressure: USDT in Europe, audit questions, and the fight for trust

By Pavlo Kot
12.07.2026

Tether under pressure: USDT in Europe, audit questions, and the fight for trust

Editors' Picks

All Editors' Top Picks

Latest Andre Cronje News

Andre Cronje: Perpetual swaps target 0.01% funding rate every 8 hours

By Daria Chernytska
10.07.2026

Andre Cronje: Perpetual swaps target 0.01% funding rate every 8 hours

Market Voices

Combining existing protocols has limits, Andre Cronje notes

By Yaroslav Dmytrenko
07.07.2026

Combining existing protocols has limits, Andre Cronje notes

Market Voices

Andre Cronje: USDC and USDT on Ethereum earn nearly 15 percent with strong strategy scaling

By Hanna Syniavska
06.07.2026

Andre Cronje: USDC and USDT on Ethereum earn nearly 15 percent with strong strategy scaling

Market Voices

All Andre Cronje News

Anastasiia Chabaniuk
5 hours ago

Crypto test drive: How automakers are exploring digital assets

Mikhail Vnuchkov
Yesterday

Lindsey Graham death: U.S. senator’s crypto legacy

Pavlo Kot
12.07.2026

Tether under pressure: USDT in Europe, audit questions, and the fight for trust

Pavlo Kot
11.07.2026

Lean Ethereum: Why Buterin wants to rebuild the network

Mikhail Vnuchkov
10.07.2026

SK Hynix debuts on Nasdaq: Largest U.S. offering by foreign company

Igor Krasulya
5 min ago

Christophe Barraud: IBM shares fall most since 1960s on weak sales

Oleg Tkachenko
20 min ago

Vaults are the next evolution in asset management, Scott Melker notes

Hanna Syniavska
35 min ago

Joseph Lubin: Ethereum utilization by financial institutions set to grow

Dmytro Kharkov
35 min ago

Layah Heilpern: CPI cools to 3.5 percent as Bitcoin rebounds near 64000

Jose Antonio Gastelum
49 min ago

John Walsh: Crypto investment climate improving after 2 to 3 years

Weekly Top Bonuses

Capitalcore

up to $2,500
deposit bonus for all clients

Your capital is at risk.

Top News

Eugene Komchuk
11 min ago

ECB selects 36 participants for digital euro pilot

ECB selects 36 participants for digital euro pilot

Olga Shendetskaya
1 hour ago

IBM shares drop after earnings warning

IBM shares drop after earnings warning

Olga Shendetskaya
4 hours ago

U.S. stock futures show mixed moves as oil shock puts CPI in focus

U.S. stock futures show mixed moves as oil shock puts CPI in focus

Hanna Syniavska
5 hours ago

China trade surplus fuels new concerns in Europe

China trade surplus fuels new concerns in Europe

Andrey Mastykin
6 hours ago

Nvidia tightens Asia AI chip sales under U.S. pressure

Nvidia tightens Asia AI chip sales under U.S. pressure

Top 5 companies for you

United States

Live News

Anton Kharitonov
Now

Apple holds near record highs as AI optimism offsets technical resistance

Mykhailo Ihnatenko
Now

Moderna braces for earnings and FDA catalyst

Mykhailo Ihnatenko
Now

IBM shares tumble after weak preliminary Q2 results

Mykhailo Ihnatenko
Now

Tesla stock in focus as CPI and earnings season begin

Anton Kharitonov
Now

Bitcoin stabilizes as geopolitical risks offset improving institutional demand

© IAFT Ltd., 2010-2026 All rights to the website are owned by IAFT Ltd.,
Registration number - HE 336186

Risk disclosure:

Information on the TradersUnion.com website is for informational purposes only and does not constitute any motive or suggestion to visitors to invest money. Moreover, we hereby warn you that trading on the Forex and CFD markets is always a high risk. According to the statistics, 75-89% of customers lose the funds invested and only 11-25% of traders earn a profit. Trading in futures and options carries substantial risk of loss and is not suitable for every investor.

That is why you should only invest money that you are prepared — or can afford — to lose at such high risks. Tradersunion.com does not provide any financial services, including investment or financial advisory services. Also, the Traders Union is not a broker and does not get money for trading in the Forex or CFD markets. Our website only provides information on brokers and the markets and helps its users to select the best brokerage company based on detailed information and objective analysis of brokers.
Disclaimer:

Traders Union (TradersUnion.com) shall not be liable for the consequences of trading decisions made by the Client and for the possible loss of his capital resulting from the use of this website and information published on it.

Forex market, CFD and cryptocurrency trading involves high risks and is not suitable for everyone. Before investing money, you need to adequately assess the level of your expertise and be aware of the risks, particularly in the context of trading with leverage. The information on this website is not intended for distribution or use by any person in any country or jurisdiction, where such distribution or use would be in violation of the local law or regulation. Any payments by Traders Union (TradersUnion.com) to the users of our website shall be legally interpreted solely as an incentive on our part for the activity on the website in the form of a deduction of a part of the advertising income; they shall not be a subject of any claims of our users or our obligations, a subject of disputes, as well as cannot be considered in relation to the services provided to users by brokers, both in fact and in their completeness and volume. The administration of the website shall not be liable for the content of user comments and reviews about the companies and shall not verify whether the authors of the reviews are indeed real clients of a specific company. All reviews, both negative and positive are published on the website without verification of their reliability; only offensive reviews that call for violence or any kind of discrimination and also reviews published from one group of IP addresses are moderated and removed. The authors of the materials shall be fully liable for the accuracy, completeness and impartiality of any information in the articles and reviews, including in the context of their use or mention of any brand names or trademarks. All mentions of the names of companies and their brands in any materials on the website shall be made in the context of communication of socially important information to the people about their activities by independent journalists, who are the authors. All evaluations and indicators on the website express the subjective opinion of the authors of the reviews (articles) and shall not be viewed as accurate statements and be a subject of disputes and claims against Traders Union.
Disclosure of advertisers and revenues:

All the services on the Tradersunion.com website are free for you to use. Our team spends thousands of hours per annum researching brokers and gathering information about them to help investors all over the world to choose reliable companies and to avoid fraudsters.

Indeed, the curating, sourcing, and organization of this process requires substantial financial investment by Tradersunion.com, which the website earns in the form of advertising payments. There are two types of advertising services on the website — direct advertising or partner (broker) participation programs. However, no services purchased by our partners shall affect the recommendations on our website, or our opinions, or ratings. Our ratings are based on our objective rating criteria and methodology; and the results are always equally and fairly applied to each broker. The work of our content authors and research groups does not involve any interaction with our advertisers and they do not have access to data concerning the amount of advertising purchased. For over 10 years we consider our independence, absolute openness, and objectivity as our main priority. Please follow the links to each of our affiliated broker’s websites. This will help Tradersunion.com to continue to provide our services to you for free.