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Coinbase will swap your USDC for dollars. It's pretty painless.
by aqme28 5y ago
Coinbase will swap your USDC for dollars. It's pretty painless.
- dboreham 5y agoToday they will, for a few people, for small amounts. The problem being discussed here is that they can't every day for arbitrary numbers of people and amounts, because they don't have enough USD on hand.
- X6S1x6Okd1st 5y agoTether USDT is being discussed in this article. USDC is a different organization that has many partners, Tether is one extremely sketchy organization.
- carnitine 5y agoYes, but no money market fund (which is how any centralised stable coin is structured) can face extremely high redemptions (which a collapse of Tether would likely trigger) without breaking the buck.