Stablecoins are becoming one of the most competitive product categories in crypto, and the exchanges know it.
Case in point: my partner
@OKX is matching US deposits 5% in Ripple’s RLUSD (opt in, $10-$100K, crypto or fiat), and any RLUSD you hold earns 3.5% APY automatically, paid weekly in RLUSD or XRP.
The distribution war for stablecoin balances is just getting started. US only. Opt-in required. APY rate may vary.