3 ms·
Another assumption is that people can go to Coinbase and reclaim their USD fast enough to cause a run on the bank. While anybody with a Coinbase account can do
by huntertwo 5y ago
Another assumption is that people can go to Coinbase and reclaim their USD fast enough to cause a run on the bank.
While anybody with a Coinbase account can do USDC->USD conversion on the fly, Coinbase ultimately controls the speed of withdrawals and conversions.