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What is the safest place to stake stablecoins with nice yield?
Any suggestion for insurance against smart contract failure, hack, etc...?

Different platform can offer you different APR bonus for stake stablecoin . But choosing a safe place is the real work. i can suggest you Binance exchange for stake stablecoin . Although Binance offers relatively low bonuses. Still I think it's a safe place . you can get 8% APR for USDT & BUSD from Binance savings

Maybe you are right. Binance can be a right place to stake stable coin But no one can guarantee that Binance is 100% safe because when you stake a coin, that coin will leave your wallet and you can only see an account of how many coins you have staked but you won't have control over that coin. Maybe because Binance is a trusted exchange, they will never let your money go to a scam. Yet there certainly remains a risk

No one can guarantee any cryptocurrency platform or token is 100% trustworthy. But since Binance is a big exchange platform and they have experience of completing billions of trades every day. So I don't think they will scam for a few dollars. Not only small but big amount stake with them or trading on their platform I don't think they will scam it, I have faith in them because I myself stake 2000 dollars there for a long time.

I have also been trading on Binance for a long time and I have been thinking of Staking Stubble Coin on Binance for a long time but it has reduced from 10% profit to 8% now, I have no regrets either. There is a limit, you can keep only 1000 dollar usdt and 1000 dollar BUSD for 8% profit otherwise you will be given only 0.7-0.8% profit. So Binance isn't the best for staking large amounts of stablecoins

Yes quite some time ago its limit was $2000 USDT and $2000 BUSD and interest was 10% APR but recently binance has reduced it to $1000 and interest is only 8% so if one is intending to stake more, then binance Won't work much for him.

I find such interest rates reasonable in this bear market. Binance no longer offers high APY but is still the safest among staking platforms today, I accept low interest rates but safer than high interest rates that make you unable to sleep well every night. If you want high returns I recommend investing instead of stake.

I myself would not be encouraged to stake my stablecoins on a normal website. And don't advise anyone to do it. Because for me, sleeping well at night is more important than getting some extra money. Rather than getting high profits out of panic, it's much safer to stake to a good and trusted platform and get low profits.