Coinbase Abandons Crypto Lending Product Amid Threats From the SEC
September 22 2021 - 6:01PM
The Daily Hodl
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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Coinbase Abandons Crypto Lending Product Amid Threats From the
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Coinbase Abandons Crypto Lending Product Amid
Threats From the SEC appeared first on
The Daily Hodl.
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