Coinbase will stop offering USDC rewards to free users; rewards will be available only to paid members.

Cryptocurrency exchange Coinbase has confirmed that it will stop paying USDC rewards to non-paying users next week; only Coinbase One Premium subscribers will be eligible to receive a 4% return on their stablecoin holdings. The exchange first announced the change on Thursday via an email to Coinbase customers, stating that the change will take effect on December 15th. A Coinbase spokesperson confirmed that USDC rewards are now an exclusive benefit for Coinbase One members.