Coinbase says it has put on hold plans to launch a relatively high-yield stablecoin savings product due to regulatory concerns. The cryptocurrency exchange says regulatory uncertainty motivated the decision to scrap the program, which would have generated 4% annual percentage yield (APY) on Coinbase’s dollar-pegged stablecoin USD Coin (USDC). “As we continue our work to […]

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The post Coinbase Abandons Crypto Lending Product Amid Threats From the SEC appeared first on The Daily Hodl.
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