Coinbase to Limit 3.5% USDC Yield to Coinbase One Subscribers From December 15

Coinbase notified users by email on December 11 that starting December 15, only paying subscribers to its Coinbase One service will continue to receive around 3.5% annualized rewards on USDC deposits, while standard non-paying users will no longer earn yield on their USDC, DL News reports citing BlockBeats. Coinbase had previously offered roughly 2%–3.5% USDC rewards in different regions, a program funded by the exchange itself to encourage users to hold USDC on its platform.