Coinbase has set its USDC credit program

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Veröffentlicht am 21.09.2021

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The decision seems to be final because the product list of the product was also set. Coinbase (Nasdaq :) has announced that his USDC credit plan will not be available for customers despite the earlier introductory plans. Coinbase loan allocation. The company announced the cancellation by repainting and updating a blog post originally published in June. In this article, Coinbase states that from September 17, "the USDC APY program does not start". This called a "difficult decision" and said that it will "turn around" [its] on the work that comes next. " Coinbase also said that the waiting list for the program, thousands ...

The decision seems to be final, since the product list of the product was also set.

COINBASE (NASDAQ :) has announced that his USDC credit plan will not be available for customers despite the earlier introductory plans.

Coinbase loan allocation canceled

The company announced the cancellation by repainting and updating a blog post originally published in June.

In this post, Coinbase states that from September 17, "the USDC APY program does not start". This called a "difficult decision" and said that it will "turn around" [its] on the work that will come next. "

Coinbase also said that it hired the waiting list for the program that thousands of users put on.

Despite the apparent finality of the decision, the announcement was made calm. The company has not announced the cancellation on Twitter (NYSE :) or created a blog post that is dedicated to the news.

SEC threat Probably caused cancellation

Coinbase reported on September 7 that the SEC was planning to sue because of its USDC trade product. CEO Brian Armstrong spoke out against the measures of the SEC on Twitter, but these statements seem to have had little effect in view of the rejection of the past week.

The company's share price lost 3.55%today, a value that is well above that of stock indices such as the S&P500 (minus 1.70%) and the Dow Jones (minus 1.78%).

Coinbase Lend would have been live if the investors who have deposited their USDC stocks would have brought in an annual return of up to 4%.

The product page now forwards to the homepage of Coinbase.

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Coinbase has set its USDC credit program

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