Global payments platform, Sentz, has officially launched ‘Sentz Earn,’ a feature that allows Nigerian users to earn up to 8% annually on their eUSD stablecoin balances – without giving up control of their funds. This self-custodial solution is aimed at everyday users looking to preserve and grow their wealth amid Nigeria’s inflationary environment and foreign exchange uncertainty.
The move comes as stablecoins continue gaining ground across Africa, where demand for dollar-based financial instruments is rising sharply. According to recent coverage by BitKE, stablecoins like USDT and USDC are becoming a core part of local fintech infrastructure, with millions of users turning to them for remittances, savings, and cross-border commerce.
While traditional platforms often force users to lock funds to earn interest, Sentz Earn offers daily-compounding rewards with full liquidity – meaning users can withdraw or send their funds at any time.
“Regular financial systems often make users choose between growth and control,” said Sara Drakeley, CEO of Sentz.
“Sentz Earn represents a third option — one where users can watch their dollar balance grow while retaining full ownership of their funds.”
Unlike many wallets where USDT or USDC sit idle, Sentz Earn allows stablecoin balances to grow—by up to 8% annually. Nigerian customers can fund their wallets through bank transfers or crypto, with no restrictions on withdrawals.
During its beta phase, the feature gained notable traction. Early adopters praised both the simplicity of the process and the reliability of daily earnings.
REPORT | Almost Half of All $USDT Transactions in 2024 Originated from Emerging Markets, Says Q4 2024 @Tether_to Report
Wallet data reveals that 18.7 million accounts hold balances of less than $1, while another 31.5 million hold between $1 and $1,000https://t.co/dWLTEYuXzN pic.twitter.com/UbRRpeLRt7
— BitKE (@BitcoinKE) December 12, 2024
Digital marketer, Isaac Olukayode, shared his experience:
“The process is seamless. I opted in to Earn on my Sentz app, and rewards started showing up the same day. No need to lock funds or move to a different wallet. I see my balance grow daily – and I can access it anytime.”
In the app, users can fund their wallet with Naira, USDT, or USDC. These are automatically converted to eUSD – Sentz’s native stablecoin pegged to the U.S. dollar and backed by a basket of stablecoins like USDT and USDC. This structure helps mitigate depegging risk, a growing concern in the stablecoin space globally.
“After countless conversations with Nigerian users, one message stood out – people want their money to work harder without giving up control,” said Mercy Emmanuel, Nigerian Country Manager at Sentz.
“That’s exactly what Sentz Earn delivers.”
Sentz Earn rewards become claimable once they hit $0.01 and are updated in real-time in the app. With no lockup periods, users can freely exit the program or transfer their earnings anytime – a sharp contrast to typical DeFi staking models or rigid traditional savings products.
As BitKE has consistently reported, Nigeria is leading the continent in stablecoin usage, driven by economic pressure and increasing smartphone access. Fintechs like Sentz are now tapping into this wave of digital dollar adoption, building tools that merge the stability of U.S. currency with the flexibility of decentralized finance.
STABLECOINS | The Nigeria Stablecoin Boom – $USDT Adoption Surges as Crypto Landscape Evolves
The data shows that the USDT/NGN pair is now among the most actively traded pairs on centralized exchanges in Nigeria, overtaking #Bitcoin.https://t.co/EVCwJk98qz @Tether_to pic.twitter.com/RAggRIUsMh
— BitKE (@BitcoinKE) May 6, 2025
Sentz Earn is now available to all Nigerian users via the Sentz mobile app on Android and iOS.
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About Sentz
Sentz Global is redefining the future of global payments by offering instant, affordable, and secure transactions across borders.
As a free payments app, Sentz enables users in over 180 countries – including hundreds of thousands in Nigeria – to send, receive, and earn in stablecoins, all through a self-custodial platform that puts users in control.
With its focus on speed, accessibility, and privacy, Sentz is helping build a more inclusive and resilient financial future.
Learn more at Sentz.com.
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