APY stands for Annual Percentage Yield and can be thought of as the amount of interest you’ll earn on your funds over the course of the year. Which assets are eligible for earning interest? We’re constantly reviewing and adding new interest earning assets. For the full list of the currently available options, log in to your Coinbase account.
What is a 4% APY stablecoin?
This 4% APY stablecoin could serve as a nice complement to Bitcoin and Ethereum. Coinbase ( COIN 1.57%), America's leading cryptocurrency custodian and exchange, announced a new program that pays a 4% annual percentage yield (APY) on the stablecoin USD Coin ( USDC -0.47%).
How does Coinbase work?
Some blockchain protocols allow participants to earn additional cryptocurrency (rewards) by contributing to the network. These rewards can be earned in many different ways including staking and inflation. Coinbase participates in these networks and distributes the rewards to eligible customers who have opted in to staking or inflation.
How do I see my interest rate on Coinbase?
You can view your total amount of interest by logging into your Coinbase account and viewing the Assets tab. How can I tell what my average interest rate is across all assets? You can view your total amount of interest by logging into your Coinbase account and viewing the Assets tab.
