As of today Coinbase is now offering 1% APR for holding USDC on Coinbase. This comes after they announced that the SEC blocked them from offering 4% APR.
Here is the message I received from Coinbase confirming 1% rewards https://i.imgur.com/Qu2iJl3.jpg
What do you guys think. It seems like a pretty solid usecase to treat USDC in Coinbase as a checking account with 1% interest and 4% cash back for spending USDC using the Coinbase debit card
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