Earn on digital dollars with USDC
Buy USDC and start earning up to 3.5% p.a. with daily interest and no lockups.
Watch your balance grow
Interest is earned daily and compounds over time. No setup, no complexity.
Works like savings
Earn on your balance, similar to a savings product
No lockups
Move funds in and out of USDC Earn freely
Earn daily
Interest is earned daily and compounds over time
No Lockups
Daily Interest
Withdraw anytime
What is USDC?
USDC is a digital dollar. The world’s largest regulated stablecoin, always worth $1, backed by cash and US government securities.
It gives you the speed and accessibility of crypto, with the price stability of the US Dollar. USDC is designed for stability. USDC Earn gives you a way to grow it.
Putting Your USDC to work
01
Earn daily
Interest is earned daily and compounds over time
02
No lockups
Move funds in and out of USDC Earn freely
03
Works like savings
Earn on your balance, similar to a savings product
The future of payments has arrived
Regulated and trusted
The world’s largest regulated stablecoin, issued by Circle.
Backed by reserves
Each USDC is backed by cash and cash equivalent assets like short-term government reserve instruments.
Widely used globally
USDC is one of the world’s most used stablecoins, with over $70 billion in circulation.
Digital Dollars
Hold value in dollars without moving completely outside the crypto ecosystem.
Fast, global transfers
Send and receive value quickly across borders.
Earn on your balance
Turn your balance into more USDC over time.
Estimate what your USDC could earn
See how your balance could grow over time.
Your deposit:Earnings are based on the interest rate shown at the time and are provided for illustrative purposes only. Rates are variable and subject to change. Actual earnings may differ.
Frequently asked questions
Is USDC Earn available in South Africa?
Yes. South African customers can move USDC into their USDC Earn wallet and start earning interest on their holdings. Interest is calculated daily and there are no lock ups, allowing you to access your funds when needed.
How much interest can I earn on USDC?
USDC Earn currently offers a target rate of up to 3.5% p.a., with interest calculated daily and added to your balance through compounding. The rate is variable and may change over time depending on market conditions and the performance of the underlying investments.
What is USDC?
USDC is a digital dollar stablecoin designed to maintain a value of approximately one US dollar. It is issued by Circle and backed by reserves that include cash and short term US Treasury securities. Many South Africans use USDC to gain exposure to the US dollar without needing a foreign bank account.
How does USDC Earn generate interest?
Luno invests funds held in USDC Earn into trusted, regulated investments such as US Treasuries and other cash equivalent assets. The returns generated from these investments are shared with customers in the form of interest paid on their USDC holdings.
Is USDC Earn safe?
USDC Earn is designed around regulated, real world investments rather than lending funds to high risk borrowers. However, all investment products carry some degree of risk and returns are not guaranteed. You should carefully consider whether USDC Earn is suitable for your circumstances.
What is the difference between USDC Earn and a South African savings account?
USDC Earn allows you to earn interest on USDC, a digital dollar stablecoin. Unlike a traditional South African savings account, your funds are held in US dollars rather than rand, which means the value of your holdings may rise or fall relative to the South African Rand depending on exchange rate movements.
Can I withdraw my USDC at any time?
Yes. There are no lock up periods or fixed investment terms. You can transfer funds out of your USDC Earn wallet whenever you choose. Most transfers are processed quickly, although in some cases they may take up to two business days.
Why do South Africans use USDC?
Many South Africans use USDC to hold a digital asset linked to the US dollar, diversify away from the rand, make international transfers, or participate in the digital asset economy. USDC Earn provides a way to earn interest while holding USDC.