4 ms·
USDC from ycombinator-funded Coinbase is doing fine https://www.coinbase.com/usdc https://www.coinbase.com/usdc But the same old tropes about crypto always get
by seibelj 7y ago
USDC from ycombinator-funded Coinbase is doing fine https://www.coinbase.com/usdc https://www.coinbase.com/usdc
But the same old tropes about crypto always get the upvotes.
- papln 7y agoHow is USDC operation financed? Is it a marketing expense of Coinbase? Is "Convert USDC at a ratio of US$1.00 for 1 USDC with no fees" expected to change to a fee in the future?
- nostrademons 7y agoLoss leader to get you to trade more. The existence of USDC makes it easier to move in and out of crypto positions, and to send crypto to other exchanges without taking on exchange-rate risks. Coinbase's business model is to take a fee whenever you transact. The more transactions you make, the more money they make. It's similar to Google's "make the web faster" efforts (Chrome, V8, AMP, mod_pagespeed, hosting JQuery & other AJAX libs, developer education). If the web is faster, you visit more pages. If you visit more pages, you search more. If you search more, you click on more ads, which makes Google more money.