TL;DR: Coinbase believes crypto will be part of the solution for creating an open financial system that is both more efficient and more equitable. We co-founded the Centre Consortium in 2018 to invest in the build of USDC, and since then it has become the second largest stablecoin by market capitalization. We firmly believe that USDC will be a key component of a new financial paradigm, as it helps to bridge the gap between the worlds of crypto and fiat.
Stablecoins provide a bridge between the traditional financial system and the cryptoeconomy, allowing fiat currencies to exist in a form that can move more freely and more efficiently on blockchains. Unlike conventional payment methods, stablecoin payments require no centralized intermediary. We believe that stablecoins — USDC, most importantly — will be the foundation of a new era of innovation in financial services.
Why USDC?
Back in 2018, we c ..
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