Coinbase doubles USDC rewards to 4% amid SEC scrutiny on staking services

2023-6-16 04:26

Coinbase said in a June 15 tweet that it now offers 4% rewards on USDC.

Coinbase’s newly increased reward rate means that the company has approximately doubled its previously offered returns on USD Coin (USDC).

As recently as June 9, the company’s website said that customers could only earn 2% on USDC purchased or held in a Coinbase account.

Coinbase said today that reward rates are subject to change and noted that the most up-to-date rates can be viewed within customer accounts. The company has not added the 4% reward rate to the latest version of its public USDC page.

The reward program’s requirements — such as eligible regions, minimal USDC balances, and account requirements — can be viewed on Coinbase’s help pages.

USDC rewards not named in SEC case

Recently, the SEC charged Coinbase and alleged that several of its activities violate securities offerings. In one charge, it said that Coinbase’s staking service, which allows users to earn interest on cryptocurrency, constitutes an unregistered securities offering.

Coinbase’s page distances USDC rewards from the targeted services, stating: “You cannot stake USDC, but … may be eligible to earn rewards on USDC.”

Though the SEC did not target the company’s USDC reward program in its latest case, the regulator prevented Coinbase from launching its similar Lend program in 2021. That program would have seen Coinbase lend out users’ USDC in order to provide rewards to users; it incidentally intended to offer 4% APY interest as well.

However, Coinbase finances its USDC rewards program with its own funds. Coinbase is a member of the CENTRE consortium, which is responsible for USDC.

The post Coinbase doubles USDC rewards to 4% amid SEC scrutiny on staking services appeared first on CryptoSlate.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

USCoin (USDC) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 USDC

usdc coinbase rewards company means increased rate

usdc coinbase → Результатов: 126


Фото:

Coinbase позволит конвертировать USDT в USDC с нулевой комиссией

Американская криптобиржа Coinbase призвала своих пользователей переходить на стабильные монеты USDC, заявляя, что это самый надежный и уникальный стейблкоин.

2022-12-10 14:00


Фото:

Coinbase и Circle представили новую версию стейблкоина USDC

Платформы Circle и Coinbase представили обновленную версию стейблкоина USDC, который отличается от первой варианта увеличенной скоростью транзакций. Сеть монеты также получила апдейт, позволяющий увеличить пропускную способность.

2020-8-28 20:04


Почти банк: Coinbase будет выплачитвать годовые за хранение стейблкоина USDC

Coinbase будет выплачивать 1. 25% годовых за хранение стейблкоина USD Coin (USDC) в приложении компании. Coinbase совместно с компанией Circle запустили USDC в прошлом октябре в надежде составить конкуренцию популярному стейблкоину Tether (USDT).

2019-10-4 17:42


Фото:

Coinbase And Circle Form A Joint Venture To Boost Circle’s Stablecoin

They may have been fierce competitors in the past, but Coinbase and Circle have now come together to boost Circle’s USDC stablecoin. Known as the CENTRE Consortium, the joint venture between the two industry giants aims to take the lead in the stablecoin market by ‘establishing the standards required and building the technology needed for […] The post Coinbase And Circle Form A Joint Venture To Boost Circle’s Stablecoin appeared first on NullTX.

2018-10-24 23:53


Фото:

Coinbase добавила поддержку первого стейблкоина

Ведущая американская криптовалютная биржа Coinbase объявила о добавлении поддержки операций со стейблкоином USDC на Coinbase. com, а также в мобильных приложениях для iOS– and Android-устройств.

2018-10-24 21:14


Coinbase добавила поддержку стейблкоина USDC

Американская криптовалютная компания Coinbase добавила поддержку стейблкоина USDC от биткоин-стартапа Circle на платформе Coinbase. com и в мобильных приложения для iOS и Android. Coinbase is launching support for the USDC stablecoin.

2018-10-23 20:16