Ethereum Prices Might Go Under $2,000 In The Near Future.
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Coinbase Users Can Now Earn 4% Interest On USDC Holdings.
2021-06-30 | Big Bob
“While the high-interest rates are appealing, they will present varying levels of risk,” claimed Coinbase. “You may find that your assets are loaned to unidentified third parties and subject to their credit risk, which could end in a total sum loss of your cryptocurrency holdings.”The exchange originally offered 1.25% yields on USDC from October 2019 to June last year, when it unexpectedly announced rewards for users holding the stablecoin would drop to 0.15%. The 4% yields represent Coinbase potentially increasing interest for USDC holders by over 2,500%. At the time of reporting, USDC is the 8th largest cryptocurrency, with a market capitalisation of over $25 Bln. Tether [USDT] remains the foremost popular stablecoin on the cryptocurrency market, coming in 3rd with a $62.5 Bln market capitalization.
