Brian Armstrong unveils 4% APR on USDC through Deribit
@brian_armstrong: Armstrong reveals Deribit offer
Brian Armstrong, co-founder and CEO of Coinbase, has announced a new opportunity for earning on USDC.
Users can now earn up to 4% annual percentage rate (APR) on any USDC stored on Deribit, an innovative step that requires no staking, lockups, or additional steps. This new opportunity allows users to keep their dollars working while they trade, enhancing potential returns in the crypto market.
This move is anticipated to attract new investors looking for simple yet effective ways to earn crypto returns without the complexities of other investment strategies.
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Armstrong’s latest initiative underscores his ongoing commitment to advancing accessible crypto products, complementing his previous advocacy for a more proactive approach to the global crypto race by the UK, as detailed in his analysis of the nation’s need for a strategic stance in crypto. His continued leadership is further illustrated by recent developments around Base in Los Angeles, where the unveiling of the next chapter signals broader ambitions for the industry.
In the previous news, tweet author Brian Armstrong discussed the importance of blockchain interoperability.
