Coinbase: Regular Non-Paying Users Will No Longer Receive USDC Deposit Yield

BlockBeats News, December 11, Coinbase sent an email notification to users, stating that starting from December 15, only users with a paid subscription to Coinbase One will continue to receive approximately 3.5% annualized USDC rewards, while regular non-paying users will no longer receive USDC deposit rewards.

Previously, Coinbase offered approximately 2%–3.5% rewards for USDC in different regions. This program was funded by the exchange to incentivize users to hold USDC on the platform. (DL News)