Coinbase raises USDC rate to 3.75% after CLARITY Act fails
- —USDC rate for Coinbase One raised to 3.75% APY
- —Daily accrual with a balance from $1 in USDC
- —Senate rejected CLARITY Act 49 to 50, short of 60 votes
- —Four Republicans voted against due to bank demands
Why it matters: The exchange is compensating users for the risk of tighter stablecoin rules while U.S. regulation remains uncertain.
Source: CoinPost