Coinbase Wallet now offers 4.7% Annual Return (APY) on USDC reserves, allowing users to earn passive income on their USDC balance without a commitment period. This is possible through the Base network, which offers zero-fee transactions. Coinbase Wallet aims to make stablecoins more accessible and rewarding globally, supporting various blockchains.
This new feature is an attractive option for both experienced cryptocurrency investors and newcomers, making it easier to manage and grow their reserves.
