Binance, OKX, Bitget, Gate Launch New Stablecoin Yield Promotions, Up to 12% APR

The clustering of near-simultaneous stablecoin yield promotions across Binance, OKX, Bitget and Gate points to a competitive push for dollar-denominated deposits rather than a broad shift in crypto risk appetite. The offers are tiered and capped—Bitget's headline rate applies only to the first 300,000 USDC—so the advertised APRs say more about customer acquisition budgets than about sustainable stablecoin economics. What matters is whether these campaigns pull stablecoin balances away from smaller venues and whether the promotional rates survive past their stated windows; Binance's Nov. 22 end date is the near-term test.