Coinbase Rewards Users with Bitcoin for Holding USDC

Coinbase has introduced a new rewards program for users who hold USDC (US Dollar Coin) on its platform. The initiative allows participants to earn Bitcoin at a rate of 6.5%, with rewards distributed weekly.

The move is aimed at attracting more users to the platform and increasing its market share in a competitive landscape, where various assets are showing fluctuating momentum.

Coinbase's strategy reflects the growing trend of yield-generating products in crypto, which not only offer financial incentives but also foster loyalty among users.