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RE: USDC: explain the business model?

in #coinbase • 6 years ago

The advantage of a blockchain-based digital dollar like USDC is easier to program with, to send quickly, to use in dApps, and to store locally than traditional bank account-based dollars. That’s why we think of it as an important step towards a more open financial system

6 years ago in #coinbase by
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     6 years ago 

    Right, but why does coinbase get involved?

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     6 years ago 

    Look This is the first time Coinbase has supported a stablecoin, which is fundamentally different from other cryptocurrencies.

    Unlike bitcoin or ether, a USDC is meant to represent a single US dollar (USD) that does not move up or down relative to its reference currency. One USDC is a 1:1 representation of a US dollar on the Ethereum blockchain," the company says in the press release.

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     6 years ago 

    Now i think ur just a bot, since u post unrelated info that looks copied from the press release

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     6 years ago (edited)

    I just try to give you the an answer.Okay i remove last one.
    Thank you