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Coinbase Doubles USDC Rewards to 4% Amid SEC Charges

Coinbase has announced that it now offers 4% rewards on USDC, doubling its previously offered returns on USD Coin. The updated reward rate is subject to change and can be viewed within customer accounts, but has not yet been added to the latest version of the public USDC page.

The SEC did not target Coinbase's USDC reward program in its recent case, but did prevent the company from launching its similar Lend program in 2021. Coinbase finances its USDC rewards program with its own funds and is a member of the CENTRE consortium responsible for USDC.

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