Coinbase Raises Stellar-Based USDC Interest Rates to Historical High of 5%

Coinbase has increased the interest rate on USDC holdings from 4% to 5%, emphasizing its commitment to promoting stablecoin adoption and competing with Tether’s USDT. The SEC’s clarification that stablecoins like USDC are not unregistered securities offerings enabled Coinbase to raise the reward rate. In a significant development, the leading cryptocurrency exchange, Coinbase, has recently […