Brenner
@brenner.eth
$20 USDC to whoever can explain to me & @kyle why Coinbase is spending so much gas on getting rid of all their USDT across hundreds of accounts instead of doing it over a few weeks and saving hundreds of thousands of dollars
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Thomas Humphreys
@so
USDC backed by USD denominated cash and US T-Bonds (short-term for obvs reasons). User: deposit $1 -> gets $1 USDC Coinbase incentivises users to deposit as many $$ to continue expanding their T-bond reserves and keep the yield produced from them. ycharts.com/indicators/reports/daily_treasury_yield_curve_rates
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