Greetings,

For some time now I have been considering the benefits of using a crypto lending platform to earn superior interest rates on fiat money that would otherwise be collecting dust in some abhorrent financial institution. I'm certainly not interested in depositing my BTC to such an account, but rather am simply interested in converting some of my fiat to USDC for the aforementioned purpose of obtaining a dignified return on my hard earned money. A few factors are leading to my current reluctance to initiate the process, which brings me here for some sound advice.

Amongst my concerns are 1) lack of insurance 2) the security of these networks 3) which network to choose and 4) how any regulation of stablecoins might affect this process, generally. For proponents of these platforms, which stablecoin would you recommend I utilize for my stated purpose? I'm leaning toward USDC as it seems, relatively speaking, that they are legitimate and transparent about the holdings underpinning the value of the asset.  Any insight into this process would be greatly appreciated. Is it worth it at all? Should I steer clear? Feel free to share any thoughts and thanks in advance for doing so