Coinbase Rolls out USDC Institutional Rewards Program With MakerDAO

Leading cryptocurrency exchange Coinbase announced Monday the launch of its institutional rewards program in partnership with stablecoin issuer MakerDAO.   Coinbase to Custody $1.6 Billion USDC  The exchange disclosed that MakerDAO community members accepted its proposal to the custody of $1.6 billion USDC stablecoin pegged 1:1 to the value of the U.S dollar with Coinbase Prime, designed to provide institutional and corporate solutions to specific customers.