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Coinbase Cuts Ties with USDC Rewards in EEA Over MiCA Rules
Coinbase has announced that it will end USDC rewards for holders in the European Economic Area (EEA) starting December 1. This decision is in response to the new Markets in Crypto-Assets (MiCA) regulation, the exchange stated in a November 28 email to customers. Qualified users will continue earning USDC rewards until Nov. 30. The final rewards will be distributed within the first 10 business days of December. Coinbase’s rewards program allowed users to earn daily yields for holding USDC on the platform. The program was available in over 100 jurisdictions, with the annual percentage yield varying by region due to ... (full story)
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- Posted: Nov 29, 2024 3:13pm
- Submitted by:Category: Crypto Industry NewsComments: 0 / Views: 135
