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Binance launched the third round of its Community Appreciation Campaign, offering boosted yield rates on three stablecoin products across all accounts. USD1 and USDe both carry up to 10% APR, while KGST Flexible Earn offers up to 15% APR, with Binance specifying no individual reward cap on the USD1 offer. The promotion extends the exchange's use of above-market stablecoin yields to draw and retain deposits amid intensifying competition for idle crypto capital. It matters because sustained high single-digit to low-double-digit rates on dollar-pegged assets can shift where users park stablecoin balances, pressuring rival platforms to match. What to watch next is whether the campaign's terms are extended beyond Round 3 and whether the elevated rates translate into measurable inflows into Binance's earn products.

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Binance, USDe, USD1, KGST