Yes, it's also a play on dapps like Augur. Using a stable coin to make prediction markets. I bet crypto to crypto is less regulation for them too. It would also be great to see stable coins in every crypto merchant wallet so they more easily accept crypto for direct payments.
Yes but that would not be something Coinbase profits from. In fact, it would create issues and cost, as if some of these coins would be acquired illegally Coinbase would have to police it and shut down wallets and confiscate coins.
Hence I was confused since Coinbase is not doing things just for the good of the community.
I think without profit to their bottom line they would not have created this.
I believe adding USDC will help open up the Crypto order books, since every alt would have a direct USDC stable coin pair. In the future, I could not imagine a wallet not having stable coins like USDC or Dai.
They are using the 'freemium' model to drive business into their core money making products.
Yep!