Coinbase Wallet Lets You Earn 4.7% APY on USDC

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Altcoinbuzz2024/11/23 04:22

By:By Victor -Deepika Garg -

Coinbase Wallet has launched a new feature called USDC Rewards, making it easier than ever to earn money just by holding USDC

USDC is a type of cryptocurrency that is linked to the U.S. dollar, meaning it keeps its value steady.

For the first time, Coinbase Wallet users can earn 4.7% APY (Annual Percentage Yield) simply by holding USDC in their wallet. This feature is available almost everywhere in the world and is now rolling out to U.S. users this week.

Earn Rewards and Send USDC Instantly with No Fees

So, how does it work? You don’t have to jump through any hoops. All you need to do is store your USDC on Coinbase Wallet, and you’ll start earning rewards. These rewards are paid directly to your wallet every month. What’s great is that your USDC is still yours to access whenever you need it. You can easily take your funds out or use them without any restrictions.

But that’s not all. Along with earning rewards, Coinbase Wallet lets you send USDC quickly and with no fees. Whether you’re paying a friend via text link or sending money to someone across the globe, these transactions are faster and more cost effective than traditional payment methods.

Introducing USDC rewards on Coinbase Wallet.

For the first time ever, earn 4.7% APY with USDC Rewards simply by holding USDC in your wallet onchain. pic.twitter.com/bXWzZjGzWw

— Coinbase Wallet 🛡️ (@CoinbaseWallet) November 20, 2024

This feature is available on Base, Coinbase’s layer-2 network, which makes everything work more smoothly and efficiently. And the best part? You can send USDC anywhere, and it will be just as easy as sending a text.

More About Coinbase Wallet

PEPE and WIF are now available on Coinbase, allowing users to buy, sell, and trade these popular cryptocurrencies directly on the platform. PEPE, a meme coin inspired by the Pepe the Frog meme, and WIF , a new token gaining traction, can now be accessed by Coinbase users, making it easier to add them to their portfolios.

PEPE and WIF are now available on @coinbase .

Is your wallet ready?

— Coinbase Wallet 🛡️ (@CoinbaseWallet) November 13, 2024

This new addition adds to Coinbase’s growing list of supported cryptocurrencies, offering more options for investors and crypto enthusiasts.

Disclaimer

The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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