Coinbase is announcing a crypto savings account with a 4% annual percentage yield (APY), less than a year after it rolled out its bitcoin lending product. The account isn’t FDIC- or SPIC-insured and functions much like other products at crypto lenders and other exchanges that regularly offer yields around 8%. The reason why Coinbase is offering a comparatively lower yield is because it doesn’t lend to “unidentified third parties,” said Thorsten Jaeckel, senior product manager at Coinbase. Coinbase, which administers the USDC stablecoin in partnership with Circle through the CENTRE Consortium, appears to be aiming ... (full story)