Deribit, the world’s largest crypto choices change, has introduced a brand new rewards program for eligible USDC holders to boost customers’ collateral decisions and increase total capital effectivity on the platform.
These funds are attainable as a result of Deribit leverages Coinbase as a custody answer for USDC and Coinbase, in flip, pays rewards to these holding USDC via them. As of July 2025, the reward price stands at 4%, although customers ought to be aware 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 almost 80% of the worldwide crypto choices exercise.
The eligibility to obtain the USDC yield is decided by the person’s location, Deribit mentioned within the official announcement, including that for institutional customers, the place of incorporation and principal place of work are considered.
Moreover, customers should retailer their USDC straight with Deribit, and now with an exterior custodian, to earn the yield. In case of a hybrid setup, solely the USDC held on Deribit will likely be thought of.
The primary rewards will likely 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 change mentioned.
