Crypto exchange Coinbase launches Embedded Wallets tool to simplify wallet onboarding and boost technical capabilities. The tool offers native rewards in USDC with 4.1% APY, targeting developers in DeFi, gaming, payments, and Web3. This move comes as Coinbase rebrands its own wallet into the Base app after its layer-2 network. The recent pro-crypto legislation, including the GENIUS Act and the CLARITY Act, aims to encourage growth in onchain finance and self-custodied wallets by establishing regulatory frameworks and recognizing self-custody rights. The GENIUS Act regulates dollar-backed stablecoins, potentially driving value onchain through tokenization of real-world assets. Fabian Dori from Sygnum believes the GENIUS Act will foster innovation in financial services beyond stablecoins.

Read more at Cointelegraph: Coinbase Unveils Embedded Wallets for Developers