Coinbase Pays Subscribers to Hold Stablecoin

Coinbase has introduced a new feature for its subscribers that allows them to earn weekly rewards in Bitcoin (BTC) by holding USDC on their accounts.

The offer is exclusive to Coinbase One subscribers and provides a 6.5% rate for one month, although the source does not specify how long this promotion will last or if it will be extended beyond the initial period.

This move comes as an attempt by Coinbase to incentivize users to hold stablecoins like USDC on its platform, potentially increasing liquidity and attracting more users in a competitive market.