Coinbase just added USDC

What are going to be the consequences of this?
coinbase.com/usdc

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Other urls found in this thread:

coinbase.com/12-days
en.wikipedia.org/wiki/Unintended_consequences
blog.coinbase.com/coinbase-and-circle-announce-the-launch-of-usdc-a-digital-dollar-2cd6548d237
blog.coinbase.com/watchlist-lets-you-customize-your-dashboard-f644435653bd
twitter.com/SFWRedditVideos

This is completely pointless when you can already sell to USD.

Only if its on gdax right? If they implemented this on main it means that all the normies that invested who don't know how to read a chart can now sell their bitcoin.

Coinbase probably just killed bitcoin at this price level.

Not entirely. It means someone can sell all his holdings on binance for USDC and then transfer that directly to coinbase, avoiding any fluctuations that may happen during his transaction time.

> mfw USDC is actually the crypto that becomes #1 because it is not volatile and can be used as a method of payment and is a crypto so it can be transacted across borders

I don't know what the fuck you're trying to say but this is literally you.

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wow it's only $1 each, if it even gets worth as much as ETH i'll be a multi-millionaire. buying 100k on monday

Coinbase is having liquidity problems it seems.

They've had it for awhile now....

they literally added it today

This kills the bitcoin. Seriously. Nowadays you do not even need bitcoin for buying alts and nobody is "holding" bitcoin, cause they sell to stable coins after every few percentage dump.

I wish stable coins were illegal or some shit.

They added it a month ago for me
>t. Legacy User

coinbase.com/12-days

>What are going to be the consequences of this?
You'd better accumulate as much crypto as you possibly can. We're heading towards a massive bull-run towards the end of December/January

normies who only realize coinbase.com exist can now sell their bitcoin for usdc driving down the price further.

not even close

>mfw satoshi's invention will help increase the dominance of the dollar across the globe and delay its downfall
>mfw every third world shit hole citizen will be able to drop his country's currency and trade in USD with little barriers

en.wikipedia.org/wiki/Unintended_consequences

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they literally only donated 10 ZCASH

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blog.coinbase.com/coinbase-and-circle-announce-the-launch-of-usdc-a-digital-dollar-2cd6548d237
OCTOBER 23RD YOU DUMB NIGGER

fuck you you nigger

that's good for ethereum

>Just added
>Their own coin
Dude... It's been listed for ages. Since before zcash

They really shouldn't have tried to pad out their announcements to 12 for the sake of some holiday pr stunt. That said, the introduction of usdc along with their watch list announcement blog.coinbase.com/watchlist-lets-you-customize-your-dashboard-f644435653bd
Eludes to the commitment of onboarding a shit load of coins in the near future.

It also means it is not a good investment.

t. Scared bagholer
Everything is going to 0 except usdc faggot

>bitcoin backed by the FED
We have gone full fucking circle.

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