Coinbase One Unlocks Lucrative 6.5% APY on $500K USDC

By Edited By Ammar Raza,
Add as a preferred source on Google

Coinbase One offers 6.5% APY for one month on up to $500k USDC after adding $1,000. The deal stacks atop 4.5% base rewards, 7% Morpho lending on Base, staking boosts, and up to 4% Bitcoin back via card.

What to Know

  • Coinbase One users earn 6.5% APY for one month on up to $500k USDC after adding $1k, atop base 4.1% / 4.5% for One members.
  • Adds 7% via Base Morpho lending (up to 10.8% observed), up to 15% more staking rewards.
  • With USDC supply over $73.6B, exchanges are bundling yields to compete with DeFi, raising questions.
Coinbase

Coinbase is pushing its subscription product further, giving Coinbase One members only a limited 6.5% APY on USDC balances up to $500,000 for a month, provided they add a minimum of $1,000 in new USDC.

Yield from promotion plus basic rewards

This is an added promotion, apart from the default rewards of 4.1% APY from regular USDC balances, which get increased to 4.5% for Coinbase One members, from a part of Coinbase’s marketing budget as a member-only loyalty programme.

They don’t mention it in onchain lending. Based on the website (Help Center), the promotion is individual and limited to time, so that short-term holders can take advantage of high earning potential even if they hold onto their deposits.

Also Read: Coinbase Scam Actor Tied to $300M Sends ETH to Tornado Cash 

Deeper Yield Opportunities

Yield is going deeper as the platform introduces more options. Members who are interested can now lend their USDC through Base-integrated Morpho vaults that are curated by Steakhouse Financial and they are quoted around 7% APY at the moment and even reaching as high as 10.8% in the month of September 2025.

Coinbase

Source: Bloomberg

Coinbase also says that the customers can potentially be even more satisfied by getting a combination of staking rewards which can be up to a little over 15% and the Coinbase One Card gives back 4% cashback on Bitcoin for the purchase that is linked with the stablecoin liquidity.

Also Read: CFTC Chair Says Crypto Rules Will Advance Without CLARITY Act

Stablecoin Wars Intensify

Apart from USDC circulating supply reaching $73.6B as Circle, rivalry of deposits for stablecoin is becoming more severe. DeFi money market development is allowing exchanges like Kraken, Binance, and Crypto.com to retain their members by offering more attractive benefits. .

DeFi

Source: LinkedIn

This type of operation highlights advantages over custodial rewards while at the same time it’s exposing you to DeFi-native risks that include smart-contract and liquidity risk

Also Read: Trump Pushes CLARITY Act as Crypto Leaders Call for Regulation

Ananthyka J

Ananthyka J

Ananthyka J is a market reporter at Tronweekly, reporting on cryptocurrency news. She covers cryptocurrency markets, blockchain technology, and digital asset regulation, focusing on Bitcoin, Ethereum, DeFi, altcoins, and crypto policy. Her reporting emphasizes clear and accurate market coverage, including crypto market movements, regulatory developments, and blockchain adoption. She holds a BA in Journalism and Mass Communication and an MA in Communication and Media Studies. She has also completed multiple media internships, follows strict editorial and fact-checking standards, and discloses potential conflicts of interest when reporting.

Articles: 849

Related Posts