Coinbase Aims to Modernize Direct Deposit Systems via Blockchain Stablecoin Settlements
Coinbase has said it wants to modernize its direct deposit system using blockchain-based stablecoin settlements instead of the traditional ACH deposits. According to a blog post written by Yuga Cohler, a senior software...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
According to a blog post written by Yuga Cohler, a senior software engineer at Coinbase, the company's goal is to update the financial system and promote the adoption of crypto worldwide, with a focus on consumer rights and security....
Read More: Coinbase Aims to Modernize Direct Deposit Systems via Blockchain Stablecoin Settlements
Why this matters
This blockchain story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptonewsRelated market context
White House crypto advisor fires back at banking lobby over stablecoin deposit flight fears
White House crypto advisor Patrick Witt challenges 134 banking executives over stablecoin yield fears, calling deposit flight clai...
Proposed stablecoin rules might guarantee your dollar while making you wait a week to spend it
When a stablecoin holder receives spendable bank dollars before the issuer redeems the token, a buyer or conversion provider has f...
Coinbase-backed Base just exposed the uncomfortable truth about Ethereum’s L2s
Ethereum and Coinbase-backed layer-2 network Base have abandoned an effort to agree on how the next generation of crypto wallets s...
$55 million Aave stablecoin pool sees just $4.4 million available for withdrawals
Aave's USDT0 stablecoin lending pool on the Monad network displayed a 6.10% annual percentage rate over the weekend, but only abou...
Clearpool Expands to XRPL in First Institutional Credit Product on Ripple
Ripple plans to invest as a limited partner in an institutional credit fund to lend its RLUSD stablecoin to fintech companies for...
Bitcoin exchanges can reduce quantum exposure before a network upgrade
A future quantum-safe Bitcoin will have to pass through the systems that hold and move today's coins. Exchanges, institutional cus...