Coinbase Strikes Back at 0% Bank Rates with 4.1% USDC Rewards for Canadian Investors

While traditional banks offer Canadians near-zero returns on savings, Coinbase delivers a crypto-powered counterpunch.

High-Yield Crypto Advantage

Launching 4.1% APY on USDC holdings—dwarfing conventional savings accounts. No gatekeeping, no minimum balances, just pure yield generation through decentralized finance mechanisms.

Banking's Reality Check

This move exposes the pathetic returns offered by legacy financial institutions. While banks pay pennies, stablecoins actually compensate holders for providing liquidity—imagine that, earning real yield instead of subsidizing bank executives' bonuses.

The 4.1% USDC offer isn't just competitive—it's a declaration that the era of pathetic bank interest rates is finally meeting its crypto-powered nemesis.

Hydra Trading sells ₹231 cr stake in Greenlam

In a separate block deal on the BSE, Hydra Trading Pvt Ltd, a public shareholder in Greenlam Industries, sold 94.36 lakh shares or 3.7 per cent stake for Rs 231 crore.

The shares were offloaded at an average price of Rs 245.45 apiece, taking the deal value to Rs 231.62 crore.

Upnishad Trustee Advisory Services Pvt Ltd acquired these shares of Greenlam Industries at the same price, as per the data.

Greenlam Industries shares went up 2.12 per cent to settle at Rs 250.65 apiece on the BSE.

Published on September 17, 2025