RE:IPOmicrocaphobby wrote: I think big news is coming on the crypto/ blockchain front.
Big news, but not really great news on the crypto / blockchain digital currency front today [2019 09 21]. Coinbase Global Inc. has scrapped its plan to launch an interest-yielding USD Coin (USDC) lending program, the cryptocurrency exchange said in a blog post.
The move comes days after U.S. regulators said it would sue Coinbase if it went ahead with its program allowing users to earn interest by lending digital assets.
“As we continue our work to seek regulatory clarity for the crypto industry as a whole, we’ve made the difficult decision not to launch the USDC APY program,” Coinbase’s blog post said.
USDC is a stablecoin that is pegged to the U.S. dollar and can be redeemed for US$1 on a one-to-one basis.
https://www.theglobeandmail.com/business/technology/article-coinbase-scraps-plans-for-crypto-lending-program/
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