Saving money here in Kenya can feel challenging sometimes. You put away some Shillings, but you worry about inflation slowly eating away at its value over time. It's frustrating! I started looking for ways to not just save, but also potentially grow my savings and protect their worth.
That's when I began exploring stablecoins like USDT and USDC on Binance. What really caught my attention was Binance Simple Earn. It allows me to put my stablecoins to work. Instead of just sitting idle, my savings can generate daily rewards. It feels much more proactive than just leaving cash in a regular savings account.
For me, using Simple Earn (especially the Flexible option) provides a way to hedge against local currency devaluation while also earning a yield. It gives me peace of mind knowing my savings are holding their value in USD terms, plus earning a little extra on top, day by day. Getting started was surprisingly easy through the Binance app. It's become a key part of my personal savings strategy here in Africa.
