Uphold launches 5.25% in rewards for USBC

Uphold's new Rewards Center is now live

Last month, the USBC officially launched on the Uphold exchange with thousands of users already trading the U.S.-dollar backed stablecoin.

Now, those thousands of users will have the opportunity to earn 5.25% in rewards through Uphold’s new Rewards Center.

(Rewards are subject to change. Percent rewards are calculated on an annualized basis.)

From the USBC announcement:

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.

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 Unlike similar programs offered by other platforms, the rewards gained on Uphold can be held, traded and withdrawn.

A quick overview of USBC:

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.

• Start earning rewards with USBC on Uphold today!

Learn more about Greg’s vision for USBC: