Announcing USDC Rewards for CDP’s MPC Wallets
December 12, 2024
TLDR: Coinbase Developer Platform (CDP) is introducing USDC Rewards for Multi-Party Computation (MPC) Wallets. Eligible CDP developers can earn 4.1% USDC rewards simply by holding USDC onchain. This means your funds remain liquid, accessible anytime.
We’re excited to announce that developers building on Coinbase Developer Platform can now earn USDC Rewards for USDC balances held in CDP’s secure, API-based MPC Wallets. Along with earning rewards, you can send USDC on Base instantly and with zero fees. This launch means users can earn USDC Rewards on Coinbase, Coinbase Wallet, and now with CDP’s MPC Wallets.
Currently, USDC rewards for MPC Wallets apply to US-based entities and developers that maintain an average daily balance of at least 100 USDC in their MPC Wallets over the course of a month. Rewards are paid in USDC the following month to the developer's Coinbase account. See details in CDP documentation.
What is USDC?
USDC is a digital equivalent of the U.S. dollar, designed to be redeemable 1:1 with the U.S. dollar. It combines the stability of the U.S. dollar with the power and speed of the internet. You can use USDC to send and receive payments to anyone, anywhere, or hold and earn rewards. Because it’s onchain, USDC transactions are settled instantaneously and securely across borders.
What is the USDC Rewards program?
USDC Rewards is a loyalty program funded by Coinbase. It’s a reward for using Coinbase services to store USDC.
Onchain USDC rewards are available for balances held in MPC Wallets on Base, Ethereum, Arbitrum, and Polygon.
Coinbase has no right to use any USDC in your MPC Wallet.
We reserve the right to change or discontinue USDC Rewards at any time by reasonable means of notice.
USDC Rewards are intended for the developer, and may not be marketed toward or used to incentivize a developer's end-users.
Disclaimer
Coinbase does not intend for the reward-bearing products described herein to constitute a securities offering, and purchasing these products is not the same as investing in a securities offering.
USDC Rewards are offered at Coinbase’s discretion. The rewards rate is subject to change and can vary by product and region.
Information provided is for general educational purposes only and is not intended to constitute investment or other advice on financial products. This is not a recommendation to buy or sell any particular digital asset or to use any particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided.
