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Coinbase Wallet Supports USDC Rewards

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Quick Take

Coinbase Wallet supports USDC rewards.
Trump team considers a crypto policy role.

Coinbase Wallet Supports USDC Rewards

Coinbase Wallet, Coinbase's non-custodial wallet, now offers USDC rewards with an APY of up to 4.7%. Users can earn rewards by holding USDC in their Coinbase Wallet and activating the feature on the USDC asset page. Rewards are available for USDC held on Base, Ethereum, Arbitrum, Avalanche, Polygon, and Optimism. Reward payouts are made monthly to a user’s wallet on Base. The feature is available to most users globally, with support for U.S. users being rolled out this week. Coinbase Wallet also offers zero-fee USDC transfers on Base. USDC is the second-largest stablecoin by market cap and the largest natively minted asset on Base.

White House Considers Crypto Czar

President-Elect Donald Trump's team is evaluating the creation of a dedicated White House role for cryptocurrency policy, according to Bloomberg. If established, the role would be the first position of its kind, with responsibilities spanning crypto regulation. The role would also act as a bridge between Congress, the White House, and federal agencies like the SEC and CFTC. Trump has supported the crypto industry, pledging to dismiss SEC Chair Gary Gensler as part of his campaign promises. This week, he reportedly met with Coinbase CEO Brian Armstrong, and crypto lawyer Teresa Goody Guillén is under consideration for the role of SEC Chair.