Gate launches stablecoin yield product and AI cashback campaign

Gate has launched Idle Earn, a passive yield product designed to provide users with up to 3% APR on idle USDT and USDC balances. The product features no lock-up periods or manual claiming requirements, utilizing yields from U.S. Treasuries, money market funds, on-chain staking, and real-world asset (RWA) instruments.

In the metals market, Gate reported significant activity in derivatives despite a price pullback in gold and silver. Gold (XAU) spot was reported at $4,423.77 and silver (XAG) at $66.33. The exchange’s open interest in XAU futures reached $354 million, while XAG futures reached $83.96 million, ranking both in the top two positions industry-wide according to CoinGlass data.

Additionally, the Gate Card has introduced an AI Subscription Cashback Campaign. Running from August 28 through September 27, the campaign offers eligible cardholders up to 50% cashback on first-time subscriptions to ChatGPT and Claude, with a cap of 10 USDT in cash vouchers.