Consumer-first finance: How USDC Rewards are changing the game

Users can make transactions, save, and earn rewards on their stablecoins without the volatility often associated with cryptocurrencies. Some experts even believe that stablecoins and other crypto technologies could compete with, and eventually even displace, today’s traditional payment systems. 

Cryptocurrency exchanges allow users to make faster payments, pay low fees, and have better access to financial tools. For example, Coinbase has partnered with Shopify to accept USDC payments on select Shopify stores, giving users a convenient payment option that doesn’t rely on traditional banking networks.

Inside Coinbase’s USDC Rewards (and why it could be a game changer)

Coinbase’s USDC Rewards show how finance is shifting to put consumers first. The platform focuses on customer success, using technology to help Canadians grow and manage their money. 

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Coinbase

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Account minimum: $1

Trading fees: 0% – 2% per transaction. Varies by transaction amount and type (Simple, Advanced)

Welcome offer: None at this time

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Here’s how it works: you earn 3.85% uncapped rewards* on your daily USDC balance, and the rewards you earn are deposited at the end of the week. Coinbase One members earn 4.25% automatically on their USDC holdings.

With USDC Rewards, you can enjoy more control over your money while being rewarded for your participation.

Higher potential returns come with risks. Stablecoins aren’t covered by CDIC insurance, which means your money isn’t protected like it is in a traditional bank account. The GENIUS Act provides a framework for U.S. financial regulation, and USDC already meets many existing crypto rules—but some risks remain.

If you prefer to play it safe, spreading your money across different accounts or investments can reduce risk. For others, USDC Rewards offers the chance to earn more than a regular savings account and be rewarded for your loyalty. You’ll also have full access to your funds, so you can sell, send, or convert stablecoins anytime without lock-ups. 

The bottom line

For Canadians frustrated with low-yield savings accounts, Coinbase’s USDC Rewards program offers a compelling alternative. By paying rewards on USDC, it helps you earn competitive returns while keeping your money accessible—something that’s hard to find with traditional banks.