Coinbase One Unlocks Lucrative 6.5% APY On USDC Balances

Coinbase is offering its Coinbase One members an exclusive deal that unlocks up to 6.5% APY on USDC balances of $500,000 or less for a month.

This promotion requires users to deposit at least $1,000 in new USDC to their accounts.

The APY is in addition to the default rewards of 4.1% APY from regular USDC balances, which get increased to 4.5% for Coinbase One members as part of the platform's loyalty program.

Coinbase One members can also earn more by lending their USDC through Base-integrated Morpho vaults, with yields reaching up to 10.8% APY in some cases, or by staking and earning rewards of over 15% APY.