Deribit launches USDC rewards program with 4% yield

Crypto options exchange Deribit has launched a USDC rewards program offering a 4% yield as of July 2025, CoinDesk reported. To qualify, users must custody their USDC directly on Deribit rather than through an external custodian. The first rewards will be distributed in August, based on the minimum equity held between July 15 and July 31.