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Coinbase Wallet users can now earn 4.7% APY on $USDC holdings as the platform expands its rewards program globally.
As $USDC-Rewards" rel="noopener nofollow noreferrer">announced in their press release, the new feature allows users to earn rewards on $USDC without lock-up periods, with monthly payouts delivered directly to wallets on the Base network.
The program is available in most regions worldwide and is rolling out to US users this week.
$USDC holders can send and receive payments with zero fees on the Base network. The stablecoin, designed to maintain a 1:1 peg with the US dollar, enables instant cross-border settlements.
The rewards program supports $USDC balances held in Coinbase Wallet across multiple blockchain networks, including Base, Ethereum, Arbitrum, Avalanche C-Chain, Polygon, and Optimism.
Users can access the rewards feature by downloading Coinbase Wallet and activating $USDC rewards on the asset page if eligible.
The rewards rate may vary by region, with current rates displayed within eligible users’ wallets.