Coinbase Lets Users Redeem USDC Rewards in Bitcoin
Coinbase is expanding its rewards program for users holding USDC on the platform. Starting August 22, eligible users can opt to receive their rewards in Bitcoin instead of the stablecoin.
The weekly payouts will allow users to take advantage of the rising value of Bitcoin while still earning interest on their USDC holdings.
Coinbase One members will also benefit from additional perks, including a 6.5% annual percentage yield for one month on up to $500,000 in USDC balances.