There’s now another reason to use the most trusted and reputable digital dollar: starting today, customers in the United States, United Kingdom, and European Union* will earn up to 1.5% APY¹ on their USD Coin (USDC). Over the coming weeks and months, we’ll launch this program to the rest of the world.
Stable by design
We co-founded USDC in 2018 with the vision of an open, global financial system built on crypto rails and blockchain infrastructure. We believe that it will be a key component of a new financial paradigm since it between the worlds of crypto and fiat. USDC is a stablecoin pegged to the US dollar, and it’s unique from other stablecoins in that it’s backed by high-quality reserves held in U.S. regulated financial institutions and has of assets. Stablecoins have many uses, from trading in digital asset markets, to making payments, to sending value around the world. We launched USDC to allow more people to access these actions in a faster, easier, and more cost-effective way-- continuing to drive towards our goal of economic freedom for all.
Digital dollar with global reach
While the value of many cryptocurrencies and local currencies can fluctuate by the minute, holding a fiat-backed stablecoin like USDC gives customers stability and confidence during periods of high volatility. It’s also a secure, cheaper, and faster way to transfer value around the world. As a digital dollar, USDC transcends borders and banking hours, making it easy to send and receive funds or pay for goods and services. In addition, we believe USDC will improve access to Decentralized Finance (DeFi) and allow millions of more users to save, spend, borrow, and lend in better ways.
Now, customers globally can earn rewards on their USDC while taking advantage of its .We are committed to making USDC easy to access, safe to trust, and rewarding² to hold. Visit the or follow us on to stay up to date on all things USDC.
*Excluding Germany and Italy
¹Upon purchase of USDC, you will be automatically opted in to rewards. If you’d like to opt out or learn more about rewards, you can. The rewards rate is subject to change and can vary by region. Customers will be able to see the latest applicable rates directly within their accounts.
²Coinbase regularly assesses the rate and may make periodic changes.