Cryptocurrency Q&A Is it safe to hold USDC in Coinbase?

Is it safe to hold USDC in Coinbase?

henry_grayson_lawyer Wed Jun 12 2024 | 6 answers 1622

I'm curious about the safety of holding USDC in Coinbase. Could you please elaborate on the security measures taken by Coinbase to safeguard its customers' USDC holdings? Are there any known vulnerabilities or risks associated with storing USDC on this platform? How does Coinbase ensure the stability and liquidity of USDC, given its role as a centralized stablecoin? And finally, how does Coinbase compare to other crypto exchanges in terms of USDC safety and trustworthiness? Is it safe to hold USDC in Coinbase?

Is it safe to hold USDC in Coinbase?

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