Coinbase USDC now earns on-chain rewards

Coinbase Wallet is making it easier than ever to earn passive income with cryptocurrency.

The platform now offers 4.7% annual percentage yield (APY) for holding USD Coin (USDC) directly in Coinbase Wallet, allowing users to earn rewards while keeping full control of their funds, with no intermediaries or hidden fees involved.

Key Features

1. Earn 4.7% APY: Users receive monthly rewards directly into their wallets.
2. No Lock-Up Periods: Funds remain liquid, allowing users to access them at any time.
3. Broad Global Availability: While rolling out to the U.S. this week, the program is available in most other regions worldwide.*
4. Free Transfers on Base: Users can send USDC globally on Coinbase’s Base chain with zero transaction fees.

This initiative strengthens the case for stablecoins like USDC as not only a tool for payments but also an opportunity for financial growth.

What Is USDC and Why Is It Important?

USDC, or USD Coin, is a stablecoin pegged to the U.S. dollar. It combines the reliability of fiat money with the speed and efficiency of blockchain technology. Designed to maintain a 1:1 value with the dollar, USDC is widely used in decentralized…