Base

1/ Going forward, Coinbase will be storing more corporate and customer USDC balances on Base. This enables us to manage and secure assets with lower fees and faster settlement, with no impact to the user experience.

We're excited to continue to move our business onchain, and hope other companies follow our lead!

2/ If you’re curious about how Coinbase manages and secures your funds, learn more below. We always store your assets 1:1. We will never repurpose your funds. We do not lend or take any action with your assets, unless you specifically instruct us to.

https://help.coinbase.com/en/coinbase/other-topics/legal-policies/what-does-coinbase-do-with-my-digital-assets