USD Coin(USDC) issuer Circle launched its yield program in June 2021 to enable institutional investors to earn interest by lending out USDC. Users can deposit a minimum of $100,000 USDC, which is lent out to Circle Bermuda. The assets are then allocated to investment partners who lend it out in the capital crypto market. The users receive interest in USDC — the interest rates are updated weekly and the loan terms range from one to 12 months.