Ledn review

Ledn lists 6.5% to 8.5% on its savings products, which sits close to the 7% median for earn accounts. The rate applies to the stablecoin balance you hold, so a larger balance earns more at the same published rate.

The account covers USDC and USDT only, so there is no coin selection to manage. Both are dollar pegged stablecoins, which keeps the return tied to the rate rather than to how one coin moves. Anything outside that pair needs another platform.

The account is custodial, so the operator holds the balance rather than you holding keys. Deposits and withdrawals stay simple, and the safety of the funds rests with the operator and its regulator rather than with a wallet you control.

Ledn is licensed by the Cayman Islands Monetary Authority under licence 1976951. That gives readers a named regulator to check and a place to raise a complaint. A licence is not a promise about the return you earn.

The lock-up is Open term, so the balance is not tied to a fixed deposit term. There is no maturity date to wait for, which suits savers who may need the money without notice.

Support runs on help centre only. Questions are answered through written material rather than live chat or a phone line, which works if you are comfortable searching for an answer and less well if a transfer is stuck and you want a person.

It suits savers who want to park stablecoins at 6.5% to 8.5% and stop thinking about them. It is a poor fit if you want self custody, a long coin list or a staking product, since the account is custodial and limited to USDC and USDT.

Bit2Me spans 0.5% to 19.2%, so the rate becomes the choice rather than the platform. bunq Crypto Spain pays 8.25% inside a bank, and VaultLeap covers USDC only, a narrower setup than Ledn offers.