The user must have the latest version of Trust Wallet installed.
USDT, USDC, DAI and USDA are the stablecoins supported by this feature.
Trust Wallet, a bitcoin (BTC) and cryptocurrency wallet backed by Binance, reported that the new vaults for “Stablecoin Earn” are available, the function that allows you to earn interest with USDT and other stablecoins.
The new options are available on the Ethereum and Arbitrum networks, and include the Fluido Arbitrum vaults (USDT and USDC), Morpho Smokehouse (USDT on Ethereum) and those of Sky and Aave V3 (USDS on Ethereum).
Through Stablecoin Earn, Users can invest stablecoins such as USDT, USDC, DAI or USDA through chain protocols that operate in a transparent and automated manner, always maintaining control of your funds. Other wallets, such as Metamask, also include this option, as reported by CriptoNoticias.
The Trust Wallet system offers daily returns and allows assets to be withdrawn at any time.
To start using Stablecoin Earn in Trust Wallet, the user must have the latest version of the wallet and have saved the recovery phrase in a safe place.
Then, from the main screen, you must enter the “Earn” section and choose the stablecoin you want to invest with, such as USDT, USDC, DAI or USDA.
Once selected, enter the amount to deposit and choose one of the available protocols (e.g. Morpho, Aave or Sky). The operation is then confirmed and the transaction is signed on the corresponding network.
From that same section, it is possible to follow daily performance, review accumulated rewards and withdraw funds at any time, always considering the network commissions and the conditions of each vault.