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54040162 No.54040162 [Reply] [Original]

25% of Circle's holdings were with SVB and Circle was founded by Coinbase and along some other entity. I told friends that if they don't want to put the effort in creating a wallet, they can go with Coinbase to hold their crap. Now I'm starting to worry I should tell them to make a wallet outright now.

>> No.54040183

>>54040162
it’s fine, your money is safe. DIAMOND HANDS

>> No.54040198

>>54040162
losing stable coins will force people to buy crypto, its bullish

>> No.54040247
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54040247

>>54040198
Bullish for the government, maybe. Isn't the whole point of stable coins is that it's crypto to crypto transactions instead of crypto to USD to crypto transactions to avoid it being a taxable event? Explain it to me like I'm this dog

>> No.54040328

>>54040198
Yeah, what bank is Coinbase using to pay their employees?

>> No.54040341

>>54040328
And how much of their own treasury holdings are in USDC?