PANews, July 15, reported by CoinDesk, that the cryptocurrency options exchange Deribit has announced a new rewards program for eligible USDC holders, aimed at providing users with more collateral options and enhancing the overall capital efficiency of the platform. Deribit uses Coinbase as the custodian for USDC, and Coinbase will pay rewards to users who hold USDC through them. As of July 2025, the yield is 4%, but Coinbase will adjust it regularly. The ability to earn rewards depends on the user's location, with institutional users considering the place of registration and primary business location. Users must deposit USDC directly into Deribit or an external custodian to earn rewards; mixed storage will only count the portion stored in Deribit. The first batch of rewards will be distributed in August 2025, calculated based on the minimum equity from July 15 to 31.