Make Your USD Work: Earn Yield and Move Between Fiat & Crypto with 0 Fees on Backpack

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Your dollars don’t have to sit idle—and now, they move freely too.

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Backpack Exchange is unlocking new opportunities for USD holders with two major updates:

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1. Earn Dual Interest on USD-Equivalent Stablecoins

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With Backpack’s Auto-Lend feature, users can now deposit USDC or PayPal USD (pyUSD) into the USD Equivalent Pool and earn stacked yield—combining U.S. Treasury-backed returns with lending interest.

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• 📈 Up to 5.56% APY
  (4% U.S. Treasury yield + 1.56% lending rate)
• 💸 No lock-up – Withdraw anytime
• 🔁 Dual utility – Use deposited USDC as collateral for trading
• 🧠 Auto-Lend – Passive income, actively working

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Whether you're parking idle funds or gearing up for perps, your stablecoins do more on Backpack.

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2. USD ⇄ USDC On-Ramp and Off-Ramp Now Live — With 0 Fees

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We’ve also launched our USD ↔ USDC fiat on/off ramp via wire transfer, available to all Backpack Exchange users.

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• 🚫 0 fees for USD deposits and withdrawals
• 🔐 Secure and direct
• 🔜 ACH and SEPA support coming soon

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Earning yield and converting fiat to crypto has never been easier—or more efficient.

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Deposit USD. Earn yield. Trade freely. All in one account.
Start Now on Backpack Exchange

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