USDE’s High 29% APY Verified By Arthur Hayes

Coinbase, a cryptocurrency exchange, announced that users holding USDC in their Coinbase Wallet can now earn a 4.7% annual percentage yield (APY). However, Arthur Hayes, a well-known figure in the cryptocurrency world, criticized Coinbase’s approach, pointing out that the stablecoin USDE is offering a much higher 29% APY.

Hayes’s comments on social media highlight the difference in reward strategies between the two platforms.

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