Coinbase says that customers in over 70 countries will be able to lend their Dai, a stablecoin whose value is tied to the US dollar, to borrowers from within its app. The process works using a protocol called Compound, which programmatically pools money from lenders and collects interest on that money from borrowers .9 Ara 2021
Read moreWhich coins earn interest on Coinbase?
With Coinbase, you can earn interest on Ethereum, Algorand, Cosmos, Tazos, DAI, and USD Coin. Rates drop as low as 0.15% APY for USDC, which is actually less than some savings accounts offer for storing fiat currency.
Read moreCan I earn interest on USDC on Coinbase?
Coinbase ended its potentially promising high-yielding Lend platform on USD Coin a few months ago, so the most you can earn on the platform is 0.15% in annualized interest . Several platforms and exchanges offer rates as high as 6% to 14% on your USDC.18 Kas 2021
Read moreHow do you earn yield on USDC?
What do I have to do to start earning?
Read moreDoes USDC earn interest on Coinbase pro?
What is the current USDC Rewards APY rate? As of June 3rd, 2020, the APY for USDC Rewards is 0.15% .
Read moreHow often does Coinbase add new rewards?
Coinbase distributes rewards, earned for the days in which you have a balance of at least $1 of USDC on Coinbase, every month . The higher the balance, the more rewards you earn. Rewards are distributed within the first 5 business days of the following month into your USDC wallet.
Read moreHow do you get free coins on Coinbase?
Popular cryptocurrency exchange Coinbase offers incentives for using the platform’s Learn hub. In order to get the free change, you’ll need to watch Coinbase’s videos, take quizzes, and then Coinbase will deposit a small amount of crypto into your wallet .
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