Coinbase is offering existing customers 6.5% APY on USDC deposits for one month.
DeFi & Yields ·
Coinbase is offering existing customers 6.5% annualized yield on USDC deposits for a one-month period. The promotional rate applies to balances held on the platform and represents an incentive to increase stablecoin holdings during the specified window.
USDC, issued by Circle, has grown from approximately $33 billion in early 2024 to around $60 billion by early 2026, reflecting expanded adoption across exchanges, decentralized finance protocols, and payment networks. Coinbase maintains a commercially close partnership with Circle—the exchange earns a revenue share on USDC held by its users and serves as a primary distribution channel for the stablecoin, though Circle now makes all product decisions independently following its acquisition of full USDC ownership in 2023.
The terms of this specific promotional offer—eligibility requirements, minimum deposit thresholds, and whether the rate applies to new or existing balances—remain unclear from available information. Coinbase's exact distribution strategy for this yield and any conditions tied to subsequent withdrawal or transfer of the USDC have not been specified.