USDC (OnRe Market)
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Frequently asked
Is USDC (OnRe Market) FDIC or SIPC insured?
No. USDC (OnRe Market) is a crypto earn product, not a bank deposit — the USDC is held and deployed by kamino-lend, so it is not FDIC- or SIPC-insured and the yield is variable, not guaranteed.
Where does the ~0% yield come from?
USDC (OnRe Market) deploys the deposited USDC to generate the rate; it is variable, not fixed.
Is USDC safe?
See the USDC report for its compliance score, reserves, and peg history.
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