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Ryan Berckmans
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"There's going to be a 1% cash back reward for anybody who pays in
USDC
[on Base on
Ethereum
]"
- CEO of Coinbase just now
Whole new categories of onchain bears chewed up today
#ETH
#USDC
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.
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USDC
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+0.02%
ETH
2,537.01
+0.85%
3
0
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Ryan Berckmans
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Coinbase and Tether build their futures on eth (and tron, for tether), while mostly promoting and investing in BTC instead of ETH The public *might* follow their lead to buy BTC But institutions *must* follow their lead to build on ethereum Fascinating
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"We are enabling millions of Coinbase [CEX] users to trade dexes on Base" - Coinbase exec just now So the main custodial coinbase account will be the ethereum wallet Bears in disbelief 😂🫵
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In the coinbase livestream today, we've heard many words like "EIP" and "Base L2" But not sure they've said "ethereum" Remarkable how CB and Tether run on eth but often go out of their way not to mention it Onchain growing too fast - avoiding saying "ethereum" is unsustainable
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Crypto payment bears said that onchain was stupid because transactions aren't reversible and don't support high level flows We told them those high level flows would eventually just be coded onchain Coinbase and Shopify launching that today on Base on Eth Bears 😂🫵
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"We're here. It's all coming together now." - Shopify CEO rn speaking to Coinbase CEO on USDC ecommerce payments on Base L2 on Eth Bears in disbelief
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