If you read the FAQ, Coinbase doesn't even issue USDC, Circle does, so Coinbase going out of business won't affect the balances in Circle's bank account or the

If you read the FAQ, Coinbase doesn't even issue USDC, Circle does, so Coinbase going out of business won't affect the balances in Circle's bank account or the redeem-ability of USDC. They also actually publish regular audits unlike Tether https://help.coinbase.com/en/coinbase/getting-started/general-crypto-education/usd-coin-usdc-faq.html https://help.coinbase.com/en/coinbase/getting-started/genera...