Coinbase Offers Weekly Bitcoin Rewards for USDC Holders

Coinbase has introduced a new program allowing users to earn weekly Bitcoin rewards by holding USDC, a USD-pegged stablecoin. The USDC Rewards Program applies to eligible balances of the stablecoin and operates according to Coinbase's stated conditions.

For subscribers of Coinbase One, the arrangement includes a rate of 6.5 percent applicable for a period of one month. This rate forms part of the introductory or promotional terms associated with the membership tier during the specified timeframe.

The structure links stablecoin holdings directly to Bitcoin distributions, creating a mechanism through which participants accumulate the cryptocurrency without executing separate purchase transactions for the reward portion.