Close Menu
    Facebook X (Twitter) Instagram
    ESP Blockchain Journal
    • Noticias
      • Noticias Blockchain
      • Noticias Bitcoin
      • Noticias Ethereum
      • Noticias Ripple
      • NFT
      • Metaverso
      • DeFi
      • Noticias Tron
      • Noticias Litecoin
      • Noticias Monero
      • Noticias Cardano
      • Noticias Stellar
      • Noticias Algorand
      • Noticias Dogecoin
      • Noticias Polkadot
      • Noticias Kusama
      • Noticias Solana
      • Opinión
    • Análisis de Precios
    • Academia Cripto
    • Contacto
    • bandera
    ESP Blockchain Journal
    Home»Noticias»Coinbase has offered deposit custody in USDC with interest accrual

    Coinbase has offered deposit custody in USDC with interest accrual

    0
    By BlockchainJournal on octubre 3, 2019 Noticias
    Share
    Facebook Twitter LinkedIn Pinterest Email

    The largest US cryptocurrency company Coinbase has announced that exchange customers will be charged 1.25% per annum on their deposits in the dollar-linked stablecoin USDC.

    Starting today, eligible US customers will earn 1.25% APY rewards on every USD Coin held on Coinbase. Read more here: https://t.co/IqyStL1OPo pic.twitter.com/yhiAiN4tgw

    – Coinbase (@coinbase) October 2, 2019

    Users can monitor the interest accrual in real time, but the reward will be distributed monthly. There are no restrictions on the withdrawal of coins.

    Coinbase believes that customers who have switched from crypto trading to deposit funds on bank deposits at interest will now benefit from leaving them on the exchange in USDC. At the same time, transfers between the bank and the cryptocurrency broker usually take 4-5 days, the exchange emphasized.

    Primitive Ventures managing partner Dovi Wang criticized Coinbase’s proposal, noting that given the risks, the percentage of annual return (APY) should be higher than that of banks. She demonstrated banking offers where APY in the range of 1.9-2%.

    1.25% APY ?? ??

    So I exchange my precious $ USD into USD coin (+1 layer of intermediary risk from the issuer), deposit into Coinbase (+2 layers of intermediary risk)

    And will get a lower APY comparing with direct saving with bank account that directly banks with the Fed?

    ?? https://t.co/5w6FSIjO0Y pic.twitter.com/aiMebMSIk4

    – Dovey Wan ? ? (@DoveyWan) October 2, 2019

    “So, I change my precious dollars to USDC (+1 level of intermediary risk from the issuer), I make a deposit to Coinbase (+2 level of intermediary risk). And get a lower APY compared to the direct accumulation in the bank account, which is directly connected with the Fed? ”

    Issuers of USDC are Bitcoin startup Circle and Coinbase, which last year created the CENTER consortium to promote stablecoin .

    Circle and Coinbase previously announced the expansion of the Center consortium to allow other companies to issue USDC.

    Follow BlockchainJournal on Twitter !

    << aside id = "unisender_subscribe_form-10" class = "widget unisender_form">

    BlockchainJournal.news

    BlockchainJournal.news

    bitcoin Circle CoinBase Featured Twitter USD USD Coin USDC
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    BlockchainJournal

    Related Posts

    Hyperliquid pide propuestas para lanzar USDH en medio de objeciones por equidad en la gobernanza

    septiembre 5, 2025

    SharpLink explorará el staking de parte de su tesorería en Ethereum en la red Linea

    septiembre 5, 2025

    Strategy Inc. enfrenta obstáculos para entrar al S&P 500 por su volatilidad y dependencia de Bitcoin

    septiembre 5, 2025

    Wallet Antigua despierta: 479 BTC (52 millones USD) movidos tras 13 años

    septiembre 5, 2025

    Coinbase acelera hacia mayoría de código generado por IA en medio de una tendencia global

    septiembre 4, 2025

    World Liberty Financial bloquea la wallet de Justin Sun en medio de la polémica por WLFI

    septiembre 4, 2025
    Buscar
    Facebook X (Twitter) Instagram Pinterest
    © 2025 Blockchainjournal

    Type above and press Enter to search. Press Esc to cancel.

    Utilizamos cookies para asegurar que damos la mejor experiencia al usuario en nuestra web. Si sigues utilizando este sitio asumiremos que estás de acuerdo.