Coinbase will pay users 4% interest on USDC holdings

by Aurelia Butler 29 June 2021, 23:20 129 Views

In a Tuesday blog post, Coinbase said its users could earn 4% annual percentage yield, or APY, by lending out their holdings for the U.S. dollar-pegged stablecoin USD Coin (USDC). The crypto exchange seemed to be targeting banks with the offering, claiming it has a better return than a typical savings account in the United States.

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Source: Cryptocurrency - investing.com

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Coinbase will pay users 4% interest on USDC holdings

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