Coinbase has introduced USDC rewards to Canada, allowing users to earn 4.1 percent annually on their holdings, paid weekly. USDC, a Circle-issued, regulator-approved stablecoin pegged 1:1 to the U.S. dollar, offers a competitive alternative to traditional chequing or savings accounts, where rates often sit at zero.
An Angus Reid survey commissioned by Coinbase found 83 percent of Canadians believe the global financial system needs an overhaul, and 91 percent feel banks prioritize profit over customer success. With Coinbase One, rewards rise to 4.5 percent on balances up to $30,000.
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