7 min read

January 06, 2022

Earn 4% Bonus on Your USDC with OnJuno

A groundbreaking new feature that earns you a nice bonus while your cryptocurrency sits idle – a win-win!

Whether it’s a new year resolution or simply a goal, becoming financially savvy is always important. If you’ve gone through the motions of checking off the personal finance basics from your list — opening a high-yield savings account, paying down debt, paying off your credit card bill each month, optimizing your credit card points, investing in ETFs or mutual funds — it can be tough to know where to turn to next in terms of stable, simple, and guaranteed returns. 

While many at this stage may be ready to dive into more riskier, high-yield investments, what if there was a way you could balance those higher yields with continued stability? 

Enter: OnJuno’s USDC account.

Why Convert Your Cash to USDC?

But first, why even convert your cash to USDC? USDC, or the United States Dollar Coin, is a type of stablecoin. Stablecoins are a broader category of cryptocurrency where the value of your cryptocurrency is pegged to an asset, in this case the U.S. dollar, but in other cases gold or even silver. 

The USDC cryptocurrency is designed to maintain a constant value of $1, which provides additional safety compared to the volatility of other cryptocurrencies. In addition to this, the USDC stablecoin has benefits over fiat currency as it is much easier to buy and trade cryptocurrencies with it. 

Unlike other stablecoins, which are also pegged to the U.S. dollar, the creators of USDC are obligated to provide full transparency and work with a range of financial institutions to maintain full reserves of the equivalent fiat currency. 

Each USDC is redeemable for one dollar and is backed by dollar-denominated assets held in accounts that are regulated by U.S. financial institutions. 

These accounts are audited by the accounting firm Grant Thornton LLP, which issues monthly attestations on the reserves backing USDC. This means that USDC is much more regulated, reliable, and stable than other cryptocurrencies on the market. Here are some ways you can use USDC: 

  • Remittances: Because USDC experiences much less volatility than Bitcoin or Ethereum, it’s a great alternative when it comes to sending money abroad, with fewer transaction fees and a faster rate of transmission than fiat currency, too. 
  • Traders: USDC is often favored by traders who wish to place profits made from trading in higher-volatility currencies into more lower-volatility digital assets without exiting to fiat.
  • Charitable Donations: A number of nonprofits accept cryptocurrency as a form of donation, with USDC in particular because the currency is low-risk.

How OnJuno’s 4% USDC Bonus Works

Now that you know you want to own USDC, let’s discuss OnJuno’s USDC bonus, which allows you to earn interest of 4% each year — so $1,000 worth of USDC becomes $1,040 worth of USDC at the end of one year. You'll get monthly payouts, and there are no lock ups. Most importantly, there are 0 transaction fees, which means that you can convert your cash into USDC and let it sit in your crypto wallet and simply earn money for you. 

Given that the national average savings account interest rate in the United States is less than 1%, this account gives you a significantly better deal than what you can find elsewhere. All you have to do is convert your cash into USDC. 

And even if you don’t plan to use USDC for any of its cryptocurrency applications, its steady peg to the U.S. dollar means that you can easily convert it back to cash after it has earned interest in this account. Simple!

And if you do plan to use USDC for other cryptocurrency needs, it can nevertheless earn 4% interest while in this account, in between your cryptocurrency transactions.

How to Convert Your Cash to USDC to Enjoy a 4% Bonus

Option 1: Get a portion of your paycheck in USDC

Now, there are a few ways you can set this up. The first way is to have part of your paycheck automatically converted into USDC by OnJuno and then deposited into this account. OnJuno offers this service on their app and you aren’t limited by USDC — you can have part of your paycheck converted to Bitcoin, Ethereum, or a basket of cryptocurrencies.

However, if you choose USDC, it’s easy to just have that cryptocurrency sit in the 4% bonus account. All you have to do is link your direct deposit to OnJuno and then every time you get paid, part of your paycheck will be deposited into your cryptocurrency wallet instead. 

Option 2: Buy USDC instantly 

Otherwise, just make an account through OnJuno and convert your cash into USDC at the rate of $1 per 1 USDC. It’s simple and with zero transaction fees, it means that $5,000 in cash is equivalent to $5,000 in USDC exactly (and then becomes $5,200 in USDC in just a year!). 


Ultimately, this feature is an incredible deal. We all know that high-yield savings accounts are a smart money move and this 4% bonus on USDC from OnJuno is no different. 

It’s a higher rate than you’ll be able to find with actual cash and best of all, you have options to use the USDC cryptocurrency in ways you can’t use regular fiat currency. A win-win for all!


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Keertana Anandraj
Keertana Anandraj is a recent college grad living in San Francisco. When she isn’t conducting international macroeconomic research at her day job, you can find her in the spin room or planning her next adventure.

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