According to CoinMeta, Coinbase stated on the X platform that Coinbase One Card users who meet the requirements but have not been approved may be provided with Coinbase One Card that requires a payment of a USDC security deposit. The USDC in the security deposit cannot be traded, withdrawn, lent, or transferred. If the account defaults or is closed for any reason, the deposit will be used to offset the outstanding balance. After the account is closed and there are no debts, the USDC will be released. The Bitcoin cashback ratio is based on the cardholder's assets in Coinbase, and not all transactions qualify as eligible consumption.