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Coinbase to Limit USDC Rewards to Paying Members Starting December 15

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USDC
$1.00020%
Coinbase will limit USDC rewards to paying members starting December 15. Free users will no longer earn the 3.5% annual yield, which is now reserved for Coinbase One subscribers. The change comes as the firm Countering the Financing of Terrorism and regulatory compliance costs rise. Reward funding comes from Coinbase, not customer deposits, and USDC remains backed by short-term government securities. Lower interest rates and MiCA in Europe have pushed reward cuts in several regions this year, affecting risk-on assets.
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