Coinbase, a leading cryptocurrency exchange, has announced that USDC rewards will now be available exclusively to “Coinbase One” members, its premium subscription plan. Free users will no longer earn rewards on their USDC holdings. USDC is a stablecoin pegged to the US dollar and is widely used as a stable and secure investment within the cryptocurrency market. Coinbase One offers subscribers benefits such as reduced fees and priority customer support. This new policy signals Coinbase’s intent to increase revenue and expand its premium user base. The importance of USDC and other stablecoins has grown due to their ability to protect investors from market volatility and function as digital dollars. While reward programs on major platforms like Coinbase provide users opportunities to grow their crypto investments, limiting these rewards to paying members may negatively impact free users. This change could alter the user composition on Coinbase by encouraging more customers to subscribe for additional benefits. Other crypto exchanges are also adopting subscription models to boost revenue, reflecting a broader market trend. Users are advised to consider this shift in their investment strategies and, if necessary, subscribe to Coinbase One to continue receiving rewards. Further changes are expected as the cryptocurrency industry continues to evolve.
Source: decrypt
