Coinbase will stop providing USDC rewards to free users, and rewards will be limited to paid members

According to Decrypt, cryptocurrency exchange Coinbase has confirmed that it will stop paying USDC rewards to non-paying users next week, and only Coinbase One premium subscription users will be eligible to earn 4% on their held stablecoins.

The exchange first announced the news in an email sent to Coinbase customers on Thursday, stating that the change will take effect on December 15. A Coinbase spokesperson confirmed that USDC rewards have now become an exclusive benefit for Coinbase One members.