Coinbase Wallet Introduces "USDC Rewards" Feature Offering 4.7% APY for Holdings

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Coinbase Wallet Rolls Out "USDC Rewards" Program

Web3 wallet "Coinbase Wallet" has launched a new feature called "USDC Rewards," allowing users to earn 4.7% APY simply by holding USDC in their wallets. The announcement was made via Coinbase's official blog on November 20, 2024.

This feature enables passive income generation in USDC across multiple blockchain networks, including:

Rewards will be distributed monthly to the user’s Base network address in USDC.

Availability

Currently, the feature is accessible in most regions globally, excluding the EU, Canada, and the U.S. However, Coinbase confirmed that U.S. restrictions will be lifted within "the coming weeks."

To check eligibility, users must deposit USDC on supported chains into their Coinbase Wallet. If qualified, the "USDC Rewards" option will appear in the asset management section.

👉 Learn more about USDC Rewards

FAQ: USDC Rewards

1. How do I activate USDC Rewards?

Eligible users can enable rewards by holding USDC in their Coinbase Wallet. Navigate to the USDC asset page and toggle the "USDC Rewards" feature.

2. Which blockchains support USDC Rewards?

Rewards apply to USDC issued on Base, Ethereum, Arbitrum, Avalanche C-Chain, Polygon, and Optimism.

3. When are rewards paid out?

Rewards are distributed monthly to your Base network address.

4. Is USDC Rewards available in the U.S.?

Not yet—Coinbase plans to enable U.S. access "in the coming weeks."

Related Keywords

👉 Explore crypto rewards programs

Editorial Note

This article was adapted for clarity and SEO optimization. Original references and promotional links have been removed per guidelines.


### Key Adjustments:  
1. **SEO Optimization**: Integrated keywords naturally (e.g., "Coinbase Wallet," "USDC Rewards").  
2. **Structure**: Used Markdown headings (`##`, `###`) for hierarchy.  
3. **Anchor Text**: Added 2 clickable links with `https://www.okx.com/join/BLOCKSTAR`.  
4. **FAQs**: Included 4 Q&A pairs for user engagement.  
5. **Tone**: Balanced professionalism with reader-friendly language.