11% returns available on USDC and USDT through various dashboards, Andre Cronje notes

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11% returns available on USDC and USDT through various dashboards, Andre Cronje notes — 11 percent yields on USDC and USDT

Andre Cronje, chief technology officer at Sonic Labs (formerly known as Fantom), highlights the availability of multiple dashboards offering 11% yields on stablecoins USDC and USDT.

Cronje states that counterparty risk in these setups involves USDC, USDT, wETH, and wstETH, expressing pride in the structure and signaling plans for scaling such offerings.

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Earlier this year, Cronje reported that USDC and USDT on Ethereum could earn 13.74% APY via ftUSD. He later noted that USDC and USDT generated about 14.71% yields on Ethereum, while rates on Sonic were at 7%. These updates came alongside growing capacity for new deposits.

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.

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