Earn USDC at 12%... Is there a catch I'm not seeing?
So I just got set up on a jade card and I threw most of my coins into earn since I tend to hold. While looking at rates I saw USD Coin at 12% earn and I'm a bit incredulous.
Is it true that USD Coin is always tied to the dollar, and can't increase or decrease in value compared to the USD?
Can I just buy USD Coin and put it into a 3 month earn and essentially get the equivalent of a 12% CD?
Even more crazy, can I put it into flexible and always have access to it while earning 8%??
Is there some kind of catch here?
How is this possible?
What universe have I stumbled into?