RE: Coinbase Stablecoin - SWIFT Panics About Crypto - $16m Bitcoin House

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Coinbase Stablecoin - SWIFT Panics About Crypto - $16m Bitcoin House

in cryptocurrency •  6 years ago 

Doesnt Coinbase already trade against USD anyway? why would they need to have a coin that is pegged to USD?

cryptocurrency
6 years ago by

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      ·  6 years ago 

    So you don't need a dollar bank account to deposit US dollars.

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        ·  6 years ago 

      So you mean non US residents can now trade with USDC freely ?

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          ·  6 years ago 

        I wrote a long reply and then decided to just make my first ever STEEM post (I got my first ever STEEM account thanks to @marketingmonk)

        https://steemit.com/usdc/@yes2crypto/why-does-coinbase-need-a-stable-coin-when-they-have-usd-here-are-10-reasons has some reasons that might help answer you.

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