The stablecoin subsidy war is back, Binance is offering 12% APY directly for USDC.
Similar to the previous subsidies from Coinbase HK, the source of the earnings comes from Circle's new customer acquisition marketing expenses. (Internet people can understand this as the battle between Didi and Kuaidi, or the food delivery wars.)
The subsidy can last for at least a month, with a limit of 100,000 U per account; multiple accounts can be registered by the whole family.
@binancezh @binance
