Coinbase users will earn rewards on USDC holdings

You do not have to do anything to accept USDC rewards, as eligible Coinbase users will immediately start earning rewards starting now. Coinbase computes benefits in genuine time, which indicates that you’ll earn benefits even if you hold a large sum of USDC for a few hours and then move everything. For now, the APY rewards rate is 1.25 %, but Coinbase can change that rate in the future.

And yet, moving money to a Coinbase account can take days, which implies you could miss out on some huge cost changes. You do not have to do anything to accept USDC benefits, as eligible Coinbase users will immediately start making rewards starting now. Coinbase calculates benefits in genuine time, which indicates that you’ll earn benefits even if you hold a large sum of USDC for a few hours and then move everything. For now, the APY rewards rate is 1.25 %, however Coinbase can alter that rate in the future. Update: Coinbase offers insurance protection.

Leave a Reply

%d bloggers like this: