Users in Kyrgyzstan now have access to Binance Earn, a set of products that let them deposit the KGST and USDT stablecoins and earn rewards. On some offers, the advertised annual yield reaches 14% for KGST and 35% for USDT.
Binance Earn brings together different ways to earn on digital assets. It includes flexible products, where funds can be withdrawn at any time, as well as offers with other deposit terms.
For KGST, a stablecoin pegged to the Kyrgyz som, Binance launched a new Simple Earn campaign in September. The advertised yield goes up to 14% APR. It combines a base rate that changes in real time with bonus rewards.
Under the current terms, the bonus rate only applies up to a set deposit limit. The APR can change depending on market conditions and the specifics of each product.
Earn products are also available for USDT. Some promotional offers reach 35% APR, but the boosted rate may apply only to certain user groups and within set limits.
Binance stresses that APR is not a fixed or guaranteed return. Before depositing, users should check the current rate, limits and terms of each product.
Earn products are not bank deposits. They involve digital assets and follow different rules.
