Coinbase launches embedded wallets for developers

Coinbase has launched a new developer-focused wallet that automatically offers 4.1% rewards on USDC balances. The product, called Coinbase Developer Platform (CDP) Embedded Wallets, is designed to provide developers with secure and scalable infrastructure similar to what powers Coinbase's own accounts. The wallets support Ethereum Virtual Machine (EVM) compatibility, making them versatile for builders in the crypto space.

Editor’s Note: This is a big deal for developers working in crypto because it simplifies earning passive income on stablecoin holdings while building projects. The 4.1% reward on USDC (a regulated stablecoin) is attractive, especially as regulatory clarity around crypto improves. It signals Coinbase's push to support the developer ecosystem, which could drive more innovation in decentralized finance (DeFi) and Web3 applications.

Coinbase has introduced a new developer tool called "embedded wallets," which allows for customizable crypto wallets, USDC rewards, and tighter integration with its Base app. This move comes as self-custody and decentralized finance (DeFi) grow in popularity, and it aligns with recent pro-crypto regulatory developments.

Editor’s Note: This is a big deal for crypto developers and users because it simplifies wallet creation and boosts DeFi adoption. With regulators warming up to crypto, tools like this could make it easier for more people to dive into decentralized finance while keeping control of their assets. Coinbase is betting big on the future of self-custody—and this could be a step toward mainstream crypto integration.

Coinbase is rolling out a new feature called "seedless wallets" designed to make it easier for developers to integrate crypto into apps, streamlining the onboarding process for users.

Coinbase is making it easier for developers to integrate Web3 features into their apps by adding embedded wallets to its development platform. This move aims to streamline the onboarding process for users new to decentralized applications (dApps), reducing friction and encouraging broader adoption of Web3 technologies.