TLDR: Coinbase Wallet is introducing USDC Rewards, an easy way to earn rewards on your USDC, with no hoops to jump through, almost anywhere in the world. For the first time, Coinbase Wallet users can earn 4.7% APY simply by holding USDC onchain. This means your funds remain liquid, accessible anytime.
Base and Coinbase Wallet are committed to building a global onchain economy that increases innovation, creativity, and freedom. To achieve this mission, we’re unlocking the power of stablecoins and making them more accessible – and rewarding – globally.*
Starting with USDC, a digital equivalent of the U.S. dollar, people in almost every part of the world can access USDC rewards and earn 4.7% APY when holding USDC in Coinbase Wallet. USDC combines the stability of the U.S. dollar with the power and speed of the internet. You can use USDC to send and receive payments to anyone, anywhere, or hold and earn rewards on your money — and it’s designed to be redeemable 1:1 with the U.S. dollar. Because it’s onchain, USDC transactions are settled instantaneously and securely across borders.
Holding USDC in Coinbase Wallet currently offers a rewards rate of 4.7% annual percentage yield (APY). Grow your USDC in Coinbase Wallet from almost anywhere in the world without intermediaries or high fees. Rewards are paid out monthly, directly into your wallet on Base. This feature is available in most regions globally, and is now rolling out to U.S. users this week.*
Along with earning rewards, you can send USDC on Base instantly and with zero fees. Whether paying a friend via text link or sending funds globally, these onchain transactions are faster and more cost-effective than traditional methods. With no fees and no wait, sending money on Coinbase Wallet is quick and convenient, 24 hours a day, 7 days a week, to anywhere in the world.
Ready to unlock the power of onchain rewards? Download Coinbase Wallet here, and bring your money onchain.
After you have funded your wallet with USDC, if you are eligible, you can activate USDC rewards on the USDC asset page.
Onchain USDC rewards are available for balances held in Coinbase Wallet on the following chains: Base, Ethereum, Arbitrum, Avalanche C-Chain, Polygon, and Optimism. Rewards are paid to your wallet address monthly on Base.
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Disclaimer:
Coinbase does not intend for the reward-bearing products described herein to constitute a securities offering, and purchasing these products is not the same as investing in a securities offering.
USDC Rewards are offered at Coinbase’s discretion. The rewards rate is subject to change and can vary by region. Customers will be able to see the latest applicable rates directly within their wallets if eligible.
Information provided is for general educational purposes only and is not intended to constitute investment or other advice on financial products. This is not a recommendation to buy or sell any particular digital asset or to use any particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided.
*This feature is not available in the E.U. or Canada at this time. It will be widely available in the U.S over the next few weeks. Coinbase Wallet users located in the U.S. must link their Coinbase account to earn rewards.
We’re partnering with JPMorgan Chase to offer 3 new ways to participate in crypto: the ability to transfer Chase Ultimate Rewards to USDC, the ability to use Chase credit cards to fund your Coinbase account, and a new direct bank integration.
