How to Earn Yield Holding USDC: A 2025 Guide

If you're holding USDC and want to maximize your yield, Deribit now offers rewards for eligible users who store USDC on its platform.

Thanks to a partnership with Coinbase, which pays interest on USDC balances, Deribit can pass these rewards on directly to users—offering an annual yield of up to 4% as of July 2025.

Who’s Eligible to Earn USDC Rewards?

Eligibility is based on your geographic location. Retail users qualify based on their country of residence, while corporate users must have both their incorporation and main business location in approved jurisdictions. You must also hold USDC directly on Deribit—balances held externally or with third-party custodians like Fireblocks won’t qualify for rewards. However, users with hybrid custody setups can still earn rewards based on the amount stored with Deribit alone.

How Are Rewards Calculated and Paid?

Deribit calculates your minimum USDC equity each day at 00:00 UTC. These daily balances accumulate throughout the month and are paid as a lump sum in the following month. For instance, balances from July 15 to July 31 will be rewarded in early August. If you maintain a steady balance or gradually increase holdings, your payout will reflect the lowest daily amount held during that period.

Example: Earning in Real Time

Let’s say you hold 100,000 USDC at a daily rate of 0.01% (APR of 3.65%). Over 30 days, your reward would total roughly 300 USDC, assuming consistent holdings. If you split your balance between Deribit and an external custodian, only the Deribit-held portion qualifies for the yield.

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Bonus: Cross Collateral Efficiency

Deribit now allows USDC to be used at full value as margin collateral, reducing the haircut from 2% to 0%. That means you can earn yield and still trade derivatives efficiently, making your USDC work double duty.

For crypto investors looking to earn passive income with stablecoins, Deribit’s USDC reward system offers a compelling and secure option—especially when paired with margin trading benefits.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.