The risk is not worth it at all. Instead of buying $10,000 worth of USDC and holding it for a year on Coinbase just to earn such a small amount. It's better to buy $10,000 worth of bitcoin, keep it in a non-custodial wallet, leave it until the next bull cycle, and sell it. It will yield more returns and also eliminate the risk of having it on a centralized exchange.

In some way, but if we dig deeper, it sounds like they are using a peanut benefit to divert people's attention from Bitcoin while supporting their cooperative project (USDC), to leverage and strengthen its stability in the stablecoin market using BTC, which is the top priority for all cryptocurrency enthusiasts because they are also minting more USDC, just like the Fed is printing more fiat money.

I thought the money could be withdrawable at anytime? Because it the money will actually be locked for 12 months with a 6.5% annual interest rate, while the prefer crypto is USDT, then for me I think this investment is not actually worth it. Because it is better you just invest the money in Bitcoin itself and hold for the 12 months, and you will definitely get a profit of more than that 6.5% in the next 1year time. And secondly, since we are approaching the Bitcoin bull market, there is a huge potential that if Bitcoin crosses it's previous All Time High of $126k per BTC, then you probably would have made more than 40% profit of your Bitcoin investment. So I will strongly advise people not to invest in this coin market investment, because it is obvious this is a marketing strategy by them to raise funds that will be used in investing in Bitcoin, and after Bitcoin skyrocket, they will say at profit and pay you peanut.

It is always hold Dollars to earn fractions of Bitcoin, or hold Dollars to earn some Shit Coin.  And when it is not and it sounds too good to be true, it is a scam or very high risk.  At that point simply hold Bitcoin and keep purchasing fractions your self.  It feels like a greedy plan to already have Bitcoin which exceeds the Coinbase return any way and STILL want an extra 6.5 percent.

That's okay but learn to be in your right frame of mind when creating a topic because we have many newbies in this forum, it's not good for them to come across a misleading thread considering how naive they can be. Imagine if people didn't read correctly and saw the errors you made, they might just think that all what you said is right not knowing that they are misleading.

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Anyways, I join others who are saying that this kind of offer is not worth it. The percentage is too low and it's not even as if it's a reward that can be given monthly till 12 months, if it were to be monthly rewards it could have been considerable.

Let's stick to the greatest reminder of all time, "not your keys, not your coins".
But but but cold card.......
Come on, it's still different when you allow them to handle your own coin and give the custody for it.
No matter how attractive they give you with that APY, seriously, that's measly compared to what you can potentially earn by holding it on your own.
No interest but the safety that you don't have to stress out is there.

And how does this differ from keeping money in a bank deposit? In reality, it doesn't. Although there is one nuance: a bank account is at least insured.

If you are bracing yourself for the worst-case scenario from the start, then just go ahead and hand that money over to coinbase and consider it gone for good.

A 6.5% profit? Inflation will exceed this return by 2 to 3 times.

Even if the rewards were paid out in bitcoins (and 6.5% is peanuts), it still wouldn't be worth it, because the deposit principal is held in USDC. It would be a different story if holding bitcoin earned interest in bitcoin (no exchange service will take this step, as it is unprofitable.). But even then, one would have to think twice, since you would still have to hand over control of your assets (temporarily) to someone else (someone who might turn out to be untrustworthy).

The Bitcoin to USDC correction, in fact, makes the situation quite different. It may seem tempting to get a 6.5% annual percentage yield, but only up to a month. But to me, the primary question is not whether there is a good percentage there, but whether there is enough return to keep holding on to funds on the centralized exchange. USDC also eliminates direct exposure to the price of BTC, but not the custodial or platform risk. I can see how it could be a good use for a short-term promotion for a short period of time perhaps if they had limited money to spend that they weren't using elsewhere. But investing a significant share of your portfolio for a short period based on a temporary promotion is hard to justify, however. The risk/reward ratio is more important than the percentage, especially if the reward is not that significant.

Quite good rewards in my opinion, despite your misconception about it earlier, 6.5% is way higher than 3.72% US treasury bill rates, on the other hand USDC reserve is consisted of T-bill, most of it.
The only disadvantage is counter party risk and non self custody.

On top of that you're getting BTC reward at really good price since we are in bearish, though would be way better if that rate was for BTC staking . However, if I were to stake in their exchange, I'd consider the bitcoin reward as a plus because you can secure capital gain in the future if you let it be.

6.5% is moderate to high interest in my book for simply staking. Decentralized lending platform offers roughly at this rate but with the risk of bad debt, since reward is in BTC, when bullrun comes, the reward could easily 3x of current reward.

The real deal breaker is our money being in the custody of other.

If you hand over your money to a centralized exchange, it can certainly be risky and there is a possibility of losing money. However, many people only give their money to exchanges for their profit rate, although they believe it. However, we know that Coinbase is a reliable exchange, many people keep their money here for profit and withdraw a percentage according to their money. However, when you hand over money to an exchange, you must create a budget so that if you lose it in the future, it will not affect you much. If you keep a normal amount of money in the exchange, it will not affect you financially, although we have to accept that it is risky. There are many people who stack on exchanges, especially those exchanges that give a high percentage rate, which is more risky. However, I believe that if you keep money there on the exchanges that are in the top rankings, I think it is somewhat reliable, but you should never invest all your money in one place.