Earn 5.56% APY and Move USD On-Chain with Zero Fees

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

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

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

1. Earn Dual Interest on USD-Equivalent Stablecoins

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.

• 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

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

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

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

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

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

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