Coinbase Introduces Developer Tool with USDC Rewards Amid Growing Support for Self-Custody and Pro-Crypto Legislation
Main Idea
Coinbase has introduced a new developer tool to simplify wallet crypto legislation in the U.S., offering 4.1% APY on USDC balances, and highlights the impact of pro-crypto legislation like the GENIUS Act and CLARITY Act.
Key Points
1. Coinbase's new developer tool simplifies wallet legislation and offers 4.1% APY on USDC balances without staking.
2. The tool targets developers in DeFi, gaming, payments, and Web3 social media sectors.
3. Pro-crypto legislation, including the GENIUS Act and CLARITY Act, provides a regulatory framework supporting crypto adoption.
4. The GENIUS Act regulates dollar-backed stablecoins, while the CLARITY Act establishes a framework for self-custody in DeFi and peer-to-peer transactions.
5. The tool is part of Coinbase's Developer Platform and supports its upcoming decentralized exchange.
Description
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