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Coinbase raises USDC rewards to 3.75 percent after U.S. Senate stalls Clarity bill

Coinbase raised the USDC reward rate for subscribers to its paid Coinbase One service to 3.75 percent shortly after the U.S. Senate failed to launch consideration of the Clarity bill. The USDC reward is calculated daily based on balances and applies to members holding at least $1 in USDC. The timing drew attention as the bill included separate limits on rewards offered by stablecoin issuers and related services.