Global financial market Fluctuation intensifies, stablecoin yield products become a safe haven

In April 2025, a new round of tariff policies triggered severe fluctuations in the global financial markets. At the beginning of April, a series of tariff measures targeting major trading partners were introduced, including a 10% baseline tariff and higher rates for specific countries. These policies led to increased tension in global supply chains and sparked strong reactions in the market.

The S&P 500 index lost $5.8 trillion in market value in just four days, marking the largest single-week loss in over seventy years. The price of Bitcoin also experienced significant Fluctuation in the range of $80,000 to $90,000. The chairman of the Federal Reserve stated in a public setting that tariffs could drive up inflation and suppress economic growth, but emphasized that the central bank would maintain policy stability, focusing on long-term data rather than short-term market Fluctuation.

Several well-known investment banks have subsequently raised their expectations for the probability of a U.S. economic recession, facing uncertainties in corporate profits and price levels. How should investors respond during this volatile period? Low-risk yield products based on stablecoins may be a worthwhile option to consider. Below are four types of stablecoin yield products for investors' reference.

It should be noted that the content of this article is for reference only and does not constitute any investment advice. Investors should conduct their own research and assume the corresponding risks.

Spark Saving USDC (Ethereum)

This is a USDC savings product based on Ethereum. Users can deposit USDC to earn returns, which mainly come from the Sky savings interest rate (SSR). The income from SSR comes from cryptocurrency collateral loan fees, U.S. Treasury investments, and providing liquidity to other protocols. USDC is exchanged for USDS at a 1:1 ratio via Sky PSM and deposited into the SSR treasury to earn returns, with the value of the sUSDC token increasing as returns accumulate.

Risk assessment: Low. The stability of USDC is high, and Spark has undergone multiple audits to reduce the risk of smart contracts. However, attention should still be paid to the potential impact of market fluctuations on liquidity.

Berachain BYUSD|HONEY (Berachain)

This product is deployed on Berachain's native decentralized exchange BEX, and is the BYUSD/HONEY liquidity pool. HONEY is Berachain's native stablecoin, while BYUSD is another stablecoin on the chain. Users can deposit BYUSD and HONEY to provide liquidity, receive LP tokens, and then stake the LP tokens to earn BGT rewards.

The sources of income include BGT rewards (3.41% APR) and transaction fees within the pool (0.01% APR). BGT is Berachain's non-transferable governance coin, which can be burned 1:1 for BERA (irreversible), and shares the fee income from core dApps.

Risk assessment: Low to moderate. BYUSD and HONEY, as stablecoins, have relatively stable prices. Berachain's PoL mechanism has been professionally audited, and the smart contract risk is low. However, BGT rewards may fluctuate due to emission adjustments.

Provide Liquidity to Uniswap V4 USDC-USDT0 (Uniswap V4)

This is a product that provides liquidity for the USDC/USDT pool of Uniswap V4 through the Merkl platform. Uniswap V4 introduces a "hook" mechanism that allows developers to customize pool functionalities, such as dynamic fee adjustment and automatic rebalancing, which is expected to enhance capital efficiency and return potential.

The main source of income is the UNI token incentives.

Risk assessment: Low to moderate. The USDC/USDT pool is a stablecoin pair, with lower price fluctuation risk. However, attention should be paid to smart contract risk, as well as the potential decrease in returns after the incentive period ends.

Echelon Market USDC (Aptos)

This is a decentralized cryptocurrency market product based on the Aptos blockchain. Users can deposit USDC into the liquidity pool on the Aptos mainnet, participate in supply, and earn yields. Echelon Market is integrated with the Thala protocol, which provides stablecoins and liquidity layers on Aptos.

The sources of income include USDC supply interest (5.35%) and Thala's thAPT rewards (3.66%). thAPT is Thala's deposit certificate, which can be minted and redeemed for APT at a 1:1 ratio.

Risk assessment: Low to moderate. USDC has high stability, but attention should be paid to the smart contract risks in the Aptos ecosystem and the impact of thAPT redemption fees on returns. Instant exit provides high liquidity, but market fluctuations may affect the value of thAPT rewards.

Summary

In the current market environment, stablecoin yield products may provide investors with relatively safe investment options. The four products mentioned above each have their own characteristics, and investors can choose based on their risk preferences and investment goals. It is important to note that even low-risk products carry potential risks, and investors should fully understand the product features and bear the risks themselves.