Deribit, the world’s largest crypto choices alternate, has announced a brand new rewards program for eligible USDC holders to reinforce customers’ collateral decisions and increase general capital effectivity on the platform.
These funds are doable as a result of Deribit leverages Coinbase as a custody answer for USDC and Coinbase, in flip, pays rewards to these holding USDC by them. As of July 2025, the reward price stands at 4%, although customers ought to word that Coinbase usually adjusts these charges.
USDC is the world’s second-largest dollar-pegged stablecoin with a market worth of $63.83 billion at press time. Deribit accounts for practically 80% of the worldwide crypto choices exercise.
The eligibility to obtain the USDC yield is set by the consumer’s location, Deribit stated within the official announcement, including that for institutional customers, the place of incorporation and principal place of job are considered.
Moreover, customers should retailer their USDC immediately with Deribit, and now with an exterior custodian, to earn the yield. In case of a hybrid setup, solely the USDC held on Deribit can be thought of.
The primary rewards can be paid in August 2025, with the quantity calculated based mostly on the minimal fairness held every day between July 15 and July 31, the alternate stated.