r/Coinbase • u/MeatyLeftnut • 18h ago
Coinbase offers a 8.75% APY on USDC for 3 monthes. Wondering if worth it with risks?
So I saw that with Coinbase, they have an increased APY for 3 months. My bank right now gives me 3%, so for like 10k I can gain an extra $136 doing nothing.
I was going to do it, but online it says the whole USDC is designed to be stable at $1 , the amount could fall below, so I'm worried if USDC goes down %5, I will lose $500. I know that is rare and it would go back up, but just worried a bit.
Wondering if I can chuck $10,000, earn some money for 3 months, and withdraw.