CoinWorld news, on July 15, the cryptocurrency options exchange Deribit announced a new reward program for eligible USDC holders, aimed at providing users with more collateral options and improving the overall efficiency of capital utilization on the platform. Deribit uses Coinbase as the custodian for USDC, and Coinbase will pay rewards to users holding USDC through it. As of July 2025, the yield is 4%, but Coinbase will adjust it regularly. Whether users can receive returns depends on their location, and institutional users will consider their registration location and primary business location. Users need to directly deposit USDC with Deribit or an external custodian to receive returns, and mixed storage will only count the portion stored with Deribit. The first batch of rewards will be distributed in August 2025, calculated based on the daily minimum equity from July 15 to 31. [CoinWorld]
