Coinbase Global has launched a new program offering Canadian users up to 4.5% annualized rewards on USDC holdings. The stablecoin, which is pegged 1:1 to the US dollar and backed by cash and short-term US Treasuries, has received approval from Canadian regulators. Rewards are distributed weekly without any lock-up period, positioning Coinbase as a competitive alternative to traditional banks that offer minimal interest on savings accounts. This initiative comes amid growing dissatisfaction among Canadians with the current financial system, with 83% expressing a belief that it requires reform. By offering higher returns on stablecoin holdings, Coinbase aims to attract users seeking better financial options.