Coinbase Rolls Out Up to 3.5% USDC (U.S. dollar-pegged stablecoin) Rewards for Coinbase One (paid subscription service) Members
According to the announcement, members will receive weekly payouts in Bitcoin or USDC (U.S. dollar-pegged stablecoin), choosing their preferred asset for rewards.
BTC
USDC
Summary
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Terms & Concepts
USDC: A U.S. dollar-pegged stablecoin designed to maintain a 1:1 value with the U.S. dollar for easier on-exchange transactions.
Coinbase One: Coinbase’s paid subscription service that offers member-only benefits and features.
Crypto rewards: Exchange-issued incentives paid in cryptocurrency, typically calculated on asset balances and distributed on a set schedule.