Shakepay Introduces 3% USD Yield with USDC for Canadian Users, Offering CIPF Protection

A significant aspect of the new USD yield feature is the Canadian Investor Protection Fund (CIPF) protection, which covers USD balances up to $1 million CAD. This protection applies to the fiat USD held, offering an added layer of security for users, though it does not extend to crypto assets. This regulatory backing and the competitive yield are expected to attract a wider user base seeking secure and high-return options for their USD holdings in Canada.