With the launch of Uphold’s new Rewards Center, users holding USBC on the exchange can now earn 5.25% in rewards.
USBC offers the best rewards of any U.S.-dollar backed stablecoin on Uphold’s platform. Additionally, rewards on Uphold, even those earned by holders of other tokens, will now be paid in USBC.
(Reward amounts are subject to change in the future. Percent rewards are calculated on an annualized basis.)
From Uphold’s announcement:
“We’ve created one of the easiest and most generous rewards programs in the industry,” said Simon McLoughlin, CEO of Uphold. “Customers get benefits for completing certain everyday activities on the platform. The program makes it easy and fun to engage with Uphold with rewards including rewards on stablecoins and early access to new tokens.”
Rewards Level 1: 5.25%* on the new USBC stablecoin and 5%* rewards on the stablecoins USDC and PYUSD - outranking most other comparable payouts on US dollar-backed stablecoins. Unlike similar programs offered by other platforms, the rewards gained on Uphold can be held, traded and withdrawn.
USBC is a licensed U.S.-dollar backed stablecoin designed to promote financial inclusion and regulatory compliance.
USBC is the only stablecoin with digital identity and a risk engine integrated at the ledger level, enabling compliance with traditional regulatory requirements such as Know Your Customer (KYC) and sanctions screening while being globally accessible through a non-custodial wallet.
The end result is a stablecoin that provides compliant, inclusive access to digital U.S. dollars around the world.
The project’s co-founders include Kirk Chapman and Hard Yaka founding partner Greg Kidd.
Join the thousands of users already trading USBC and start earning rewards on Uphold today.