USDC Rewards Overview

USDC is a digital currency, not legal tender. Coinbase does not have the right to use any USDC you hold in your account, and USDC balances are not considered deposit accounts. Your USDC balance is not insured by the Federal Deposit Insurance Corporation (FDIC) or the Securities Investor Protection Corporation (SIPC).

USDC Rewards eligibility 

Eligible customers can earn rewards for holding USDC in their Coinbase account. You’ll automatically be opted in and there’s no maximum holding limit. 

To be eligible, you must:

  • Be a customer in an eligible country

  • Be trade eligible 

  • Hold at least $1 of USDC in your Coinbase account

About USDC Rewards

USDC Rewards is a loyalty program funded by Coinbase, designed to incentivize using Coinbase to hold USDC. Coinbase does not use or lend your USDC without your instruction. 

Rewards distribution

  • Rewards are accrued daily based on your balance and the rewards rate. 

  • Rewards for the previous month are typically distributed within the first 5 business days of the following month into your USDC balance. 

Rewards calculation

  • Coinbase distributes rewards monthly for the days you hold at least $1of USDC in your Coinbase account.The higher your USDC balance, the more rewards you earn. 

  • If you withdraw your entire USDC balance, you will still receive the rewards you've already earned for that month.

We reserve the right to change or discontinue USDC Rewards at any time by reasonable means of notice, including e-mail.

USDC Rewards rate

The USDC Rewards rates can vary by country, ongoing experimentation, and account type. Retail customers can view the latest rates in their Coinbase.com account. Institutional customers of Coinbase Prime or Exchange should contact their account manager for current rates.

The APY rate set by Coinbase may change at any time, and you’ll be notified of any changes. Unless otherwise noted, updates typically take effect on the first day of the calendar month.

Opting out of USDC Rewards

You can opt out of USDC Rewards at any time, but you will forfeit any undistributed earned rewards. Previously earned rewards that have already been distributed do not expire.


To opt out of USDC Rewards:

  • Go to My assets

  • Select the Cash tab.

  • Under USDC rewards, select Manage.

  • Select None and then Save changes.

Tax Reporting for USDC Rewards

Tax reporting rules differ by country. Users should consult their own tax advisor regarding the tax consequences (if any) of receiving USDC Rewards.

US customers are generally required to report their earnings from USDC Rewards. US customers that receive more than $600 in USDC rewards will receive a 1099-MISC from Coinbase. Rewards distributed at the end of each month will appear in your Coinbase transaction history report

Account restrictions 

If your account is restricted, you'll still earn rewards. However, your rewards may not be accessible during the restriction period.

Additional information

If you have additional questions about USDC rewards, visit our USDC page. If you still have questions, submit a ticket through our support form. Please select Other as the category and Other request or feedback when filing your request.