Most people saw a USDT problem in eu
I saw a USDC opportunity.
When regulation forces liquidity out of one stablecoin,
it usually flows into another.
Follow the liquidity.
study $CRCL
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Wu said he learned that Blockworks Research analyst Kunal Doshi posted that his statistics found a large amount of activity on Morpho is associated with Coinbase users. Data shows that USDC stablecoins and Coinbase Wrapped BTC (cbBTC) together account for 53% of Morpho's total deposits, with Coinbase users contributing 83% of the cbBTC deposits and 59% of the USDC deposits; on the lending side, of the approximately $2.3 billion USDC borrowed on Morpho, about $1.2 billion comes from Coinbase users borrowing USDC using cbBTC as collateral.
https://t.co/XPzOjfEfn5
It looks like @coinbase is trying to win on all fronts.
These updates read like a feature dump, but they map onto one strategy: owning every layer of how money moves.
Look at who each piece targets:
→ Tokenized stocks + options: @RobinhoodApp & @xStocksFi
→ Unified liquidity across spot + perps: @binance & @HyperliquidX
→ Time-based prediction markets: @Polymarket
→ USDC card + BTC travel rewards: @RedotPay & @ether_fi
→ Lending/borrowing: @aave & @Morpho
Coinbase is one of the few companies that has tried to take all of these on at once. Many of these platforms specialize in one sector. Focused teams tend to win customers over, not those that are split across every sector.
I believe they're trying to bite off more than they can chew.
And that will be evident pretty soon.
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Beacon Prediction
Probabilistic Price Forecast (Next 24 Hours)This prediction is an experimental technical product and is provided for reference purposes only. It does not constitute investment advice. Unexpected real-world events may significantly impact market behavior. Traders should make decisions with caution.
USD Coin is a stablecoin brought to customers by Circle and Coinbase. It is an open source, smart contract-based stablecoin. True financial interoperability requires a price stable means of value exchange. CENTRE’s technology for fiat-backed stablecoins brings stability to crypto. The initial implementation is USD Coin (USDC), an ERC-20 token creating possibilities in payments, lending, investing, trading and trade finance — and the ecosystem will grow as other fiat currency tokens are added.
