Coinbase Wallet Introduces Rewards Program for USDC Holders

Coinbase Wallet has introduced a new feature called USDC Rewards, allowing users to earn 4.7% APY simply by holding USDC on-chain. The rewards are paid monthly directly into users' wallets, and this feature is available in most regions, including for U.S. users starting this week. In addition to earning rewards, users can also send USDC instantly and with zero fees on the Base blockchain. This move aligns with the growing interest in stablecoins, especially for cross-border payments and as alternatives to traditional financial systems. The trend also involves collaborations with companies like Coinbase, Circle, Visa, and PayPal to enhance payment solutions.

In a related development, a report revealed that President-Elect Donald Trump plans to meet with Coinbase CEO Brian Armstrong to discuss potential personnel appointments, including the formation of a presidential advisory commission on bitcoin and crypto. Armstrong is advocating for former SEC Commissioner Hester Peirce to lead the commission, which would focus on transparent crypto regulations.