Turn your idle stablecoins into passive income.  Backpack now supports USD, USDC and PYUSD in its USD Equivalent Pool. With Auto-Lend enabled, your deposits generate dual income streams:

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• Tokenized U.S. Treasury yield exposure
  
  
• On-platform lending interest from borrowers

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Combined, this adds up to 5.56% APY (4% from Treasuries + 1.56% from lending) — with no lockups and full withdrawal flexibility. Note: on-platform lending interest varies based on borrow and lending amount.

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Backpack also introduces Interest Bearing Perps — a unique feature that lets you earn yield while trading. With Interest Bearing Perps, your stablecoins are not sitting idle – they are earning yield and serving as collateral for perps trading. You no longer have to choose between earning yield or trading perps making it one of the most efficient stablecoin passive income strategies available right now.

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Explore more about Backpack’s Interest-Bearing Perps.

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How to Seamlessly Onboard and Offboard Funds in Crypto with Backpack

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When it comes time to move funds in or out, Backpack makes the process as seamless and efficient as earning yield.

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One of the biggest concerns for crypto users has always been how to move money in and out of the ecosystem safely and efficiently. Traditional methods like C2C or OTC come with drawbacks: unclear counterparties, complicated processes, and a higher likelihood of triggering bank monitoring or even account suspension.

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Backpack offers a compliant, secure, and fully controlled solution for off-ramping:

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Once users deposit USDC into their Backpack account, the platform automatically converts it to USD at a 1:1 rate. From there, Backpack wires the funds directly to the user’s personal overseas bank account via its corporate bank account — no third-party intermediaries, no hidden fees, and no USDC-USD slippage.

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This service is cleared by the Royal Bank of Scotland (RBS), ensuring full transparency and regulatory compliance.

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Compliance Is Not a Label—It’s a Core Feature

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Backpack doesn’t operate in regulatory grey areas. It doesn’t use OTC desks or have an internal market maker. All fund transfers use the global SWIFT wire network, initiated and received by the user’s own bank account. This ensures seamless integration with traditional financial systems.

RBS, one of the most tightly regulated banks globally, has strict requirements for anti-money laundering, asset segregation, and account structure.

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Backpack’s partnership with RBS is a testament to its robust transaction design, operational transparency, and professional compliance standards.

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Four Key Advantages of Backpack’s Fiat On/Off-Ramp

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1. Global Banking Integration
Cleared by RBS with full regulatory backing for safety and compliance.

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2. Transparent Structure
No OTC, no proprietary matching—user funds are clearly segregated.

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3. Zero Fees
No wire transfer fees, no USDC-USD conversion charges—ideal for high-frequency or large transfers.

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4. Broad Support
Compatible with major bank accounts in Hong Kong, Singapore, the U.S., and beyond.

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Compared to typical 1–2% C2C fees on the market, Backpack offers a professional-grade on/off-ramp that resembles a “crypto bank” — scalable, reliable, and with zero fees.

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Start Earning and Transferring Smarter with Backpack

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Whether you're looking to earn yield on your idle stablecoins or move funds seamlessly across borders, Backpack makes it simple, secure, and cost-effective. With zero fees, instant flexibility, and full regulatory compliance, it’s the all-in-one solution for both DeFi-native users and TradFi crossovers.

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Ready to get started? Sign up now at Backpack or read the step-by-step transfer guide.

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Learn more about Backpack

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Disclaimer: This content is presented to you on an “as is” basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Backpack. Please read our full disclaimer for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Backpack is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice.