Coinbase unveiled its Coinbase Developer Platform (CDP) Embedded Wallets on August 5, 2025, offering developers automatic 4.1% rewards on USDC balances. The non-custodial solution supports Ethereum Virtual Machine (EVM)-compatible chains and Solana, featuring web2-style logins via email, SMS, and OAuth while securing keys in trusted execution environments (TEEs).
Developers can deploy brandable wallets in under 200ms and access a unified toolkit for onramps, swaps, staking, and transfers. Key use cases include remittances, DeFi marketplaces, B2B payroll, and gaming—with free USDC sends enabled on Coinbase's Base network. Through September 30, Coinbase Onramp customers can use the wallets at no cost during the beta phase.
Coinbase linked the launch to recent U.S. regulatory advances, notably the GENIUS Act signed July 18 establishing the first federal stablecoin framework, and the CLARITY Act—passed by the House on July 17—which guarantees self-custody rights and assigns the CFTC oversight of digital commodities. The exchange emphasized these developments accelerate stablecoin-native infrastructure adoption, positioning the wallet’s auto-reward feature to capitalize on shifting payment rails.