Coinbase Wallet has launched a new USDC rewards program, offering 4.7% annual percentage yield (APY) on USDC holdings

Coinbase Wallet has launched a new USDC rewards program, offering 4.7% annual percentage yield (APY) on USDC holdings. 

This program is available globally, with monthly payouts and no lock-up requirements. 

Users can earn rewards on USDC held across multiple blockchain networks, including Base, Ethereum, Arbitrum, Avalanche C-Chain, Polygon, and Optimism.

Coinbase 🛡️ on X: "Coinbase Wallet users can send USDC on Base instantly—without fees. And now you can earn rewards, too."

November 20, 2024 - Coinbase Wallet has unveiled USDC Rewards, offering users an annual percentage yield (APY) of 4.7% on USDC holdings, with no restrictions or complex requirements. 

This initiative brings an innovative way for users worldwide to earn rewards on their USDC while maintaining full liquidity and accessibility.

Holding USDC in Coinbase Wallet offers a competitive 4.7% APY, with rewards distributed monthly directly to users' wallets. 

Importantly, there are no lock-up periods or hidden fees. Users retain full control over their funds, which remain liquid and available for instant access.

This feature supports balances held across multiple chains, including Base, Ethereum, Arbitrum, Avalanche C-Chain, Polygon, and Optimism, with rewards paid on Base.

Beyond earning rewards, Coinbase Wallet allows for free USDC transactions on Base. Users can send payments to anyone worldwide instantly, without any fees or delays, offering a modern alternative to costly and slow traditional payment methods.

To begin earning rewards, users can download the Coinbase Wallet app, fund their wallet with USDC, and activate rewards on the USDC asset page.