Crypto exchange Coinbase has rolled out a new way for Canadians to grow their money. In a new post shared by Coinbase founder Brian Armstrong. According to the post, Canadian users, for the first time, will earn 4.1% rewards by holding the USDC stablecoin.
Coinbase detailed the announcement in a blog post, adding that for users subscribed to Coinbase One, rewards can reach as high as 4.5%.
The interest rate for most checking accounts is 0% in Canada. That makes zero sense.
So, from today, all Canadians can earn 4.1% uncapped rewards on USDC on Coinbase, and up to 4.5% with Coinbase One.🇨🇦
— Brian Armstrong (@brian_armstrong) September 16, 2025
A Better Alternative to Traditional Banking
In Canada, most chequing accounts still offer 0% interest. That leaves money sitting idle while banks reap the benefits. Coinbase CEO Brian Armstrong called it “nonsense” and announced the new rewards program as a better option for everyday Canadians.
This launch is about more than just interest rates. It’s a push toward what Coinbase calls an “updated financial system.” According to research conducted with Angus Reid, 83% of Canadians believe the global financial system needs an overhaul, and 91% say banks prioritize profits over people. By contrast, Coinbase positions itself as a platform that rewards loyalty, not fees.
Kudos to the Coinbase Canada team. If you’re a Canadian holding USDC, check it out: https://t.co/WzdJ6GAzkd
— Brian Armstrong (@brian_armstrong) September 16, 2025
With USDC rewards, users don’t need to lock away their funds. The stablecoin is always accessible, meaning Canadians can earn while still keeping the freedom to spend, send, or convert anytime. It’s a middle ground between traditional savings accounts and crypto’s fast-moving world.
Why USDC Matters
USDC, issued by Circle, is not like volatile cryptocurrencies. Every coin is backed by cash and short-term U.S. Treasuries held in regulated U.S. banks. This structure makes it stable and trustworthy. Unlike speculative tokens, USDC is built for holding value, making payments, and now, earning rewards.
Coinbase pays out rewards weekly, so Canadians can see the benefits almost instantly. The earnings are uncapped at 4.1%, while Coinbase One members get a boosted 4.5% on up to $30,000 in holdings. For many, it’s a competitive option compared to loyalty programs that often come with restrictions.
A New Financial Option for Canadians
The move signals Coinbase’s intention to give Canadians more than just crypto trading. It’s about reshaping how people think of money management.
Disclaimer
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