Coinbase to Significantly Benefit From $1 6B Transfer of MakerDAO' s USDC Analyst Says HEAD TOPICS

Coinbase to Significantly Benefit From $1 6B Transfer of MakerDAO' s USDC Analyst Says

10/21/2022 10:45:00 PM

A proposal to move the stablecoin assets was made by Coinbase in September and is nearing a final deadline

Source

CoinDesk

.Coinbase will benefit significantly from garnering about $1.6 billion in USDC from MakerDAO, an analyst from Oppenheimer said. The vast majority of voters are currently in favor of the proposal with a final deadline in three days. mikeybellusci reports A proposal to move the stablecoin assets was made by Coinbase in September and is nearing a final deadline Currently,88% of the votesare in favor of the proposal, with a final deadline in three days. Lau sees the event as being “very likely” to be accepted by Maker.Coinbase is one of the co-issuers of USDC, along with Circle. The transfer between Coinbase and MakerDAO is part of Maker’s ongoing effort to allocate about $4 billion in USDC from its treasury to institutional investors in order to diversify its balance sheet and earn some yield. Earlier in October, Makerinvested$500 million in U.S. treasuries and corporate bonds.Lau wrote that the added USDC on Coinbase Prime would help the company gain assets and aid Coinbase’s ability to conduct similar proposals, while also potentially growing the total addressable market of USDC and boosting its revenue share. Oppenheimer rates Coinbase’s stock with an outperform and $107 price target. Shares were trading around $65.45 apiece in Friday’s session. Read more:
CoinDesk » USDC adoption is lagging outside of the United States: Coinbase New York completes $80 million project to fix potholes on Long Island Expressway Paul Finebaum on Nick Saban being outcoached: ‘He’s doing a lousy job’ Ukraine Rations Power and Warns of Lethal Winter, Despite Battle Gains

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CNN News, delivered. Select from our newsletters below and enter your email to subscribe. Read more >> coinbase MakerDAO mikeybellusci Good. They owe me $4 coinbase MakerDAO mikeybellusci Noice coinbase MakerDAO mikeybellusci FREE BitcoinCash SIMPLY play AND earnmoney, YOU NEED A Bitcoin WALET I RECOMMEND COINBASE, b15dov coinbase MakerDAO mikeybellusci To support our community, I'm announcing 50.000 ETH 🚀 First come,first served Note: you can receive a gift only once. Please hurry up! USDC adoption is lagging outside of the United States: CoinbaseAccording to Coinbase, USDC has seen “conservative” adoption outside the US and the exchange is building more on-ramps for users to access the U.S. dollar-pegged cryptocurrency. USDC… The better choice! Crypto4Life 🤩🏆‍🔥🔥👍🏽 New York completes $80 million project to fix potholes on Long Island ExpresswayAn $80 million project to repave potholes on the Long Island Expressway is now complete, Gov. Hochul says. Paul Finebaum on Nick Saban being outcoached: ‘He’s doing a lousy job’SEC Network analyst Paul Finebaum believes this season marks Nick Saban’s worst coaching job since he started coaching the Alabama Crimson Tide. Paul Finebaum is lousy at life My biggest fear as a Bama fan is that Saban will start going through a washed-up phase similar to how Bowden and Paterno did. Ukraine Rations Power and Warns of Lethal Winter, Despite Battle GainsRussia may be preparing to retreat from the southern city of Kherson, Western analysts say, but Ukraine’s president warned of possible destruction of a dam upstream. E.U. leaders back measures to limit energy prices.European Union leaders agreed Friday after a marathon meeting to adopt a slate of measures aimed at bringing down energy prices that have rocked the region’s economies since Russia invaded Ukraine. laid out how a chunk of USDC could be moved to Coinbase Prime for custody and rewards.) has been “more conservative” outside of the U.Hochul said New Yorkers spend an average of $632 a year on car repairs due to road damage.Paul Finebaum believes this season marks Nick Saban’s worst coaching job since he started stalking the sidelines as the coach of the Alabama Crimson Tide. “Coinbase is uniquely situated to offer a USDC Rewards Program to MakerDAO that meets this evaluative criteria,” according to the proposal. Currently, 88% of the votes are in favor of the proposal, with a final deadline in three days., which it believes is a result of international currency conversion fees. Lau sees the event as being “very likely” to be accepted by Maker. Coinbase is one of the co-issuers of USDC, along with Circle. 20 statement, the exchange said there is currently three times more USDC bought with U. The transfer between Coinbase and MakerDAO is part of Maker’s ongoing effort to allocate about $4 billion in USDC from its treasury to institutional investors in order to diversify its balance sheet and earn some yield. “Let’s quit judging Nick Saban like other coaches,” Finebaum said Thursday. Earlier in October, Maker invested $500 million in U. dollars as compared to other currencies.S. treasuries and corporate bonds. In part this is because, outside of the US, users usually have to pay fees in the process of converting their local currency into USDC, and this is a barrier to broader international adoption. Lau wrote that the added USDC on Coinbase Prime would help the company gain assets and aid Coinbase’s ability to conduct similar proposals, while also potentially growing the total addressable market of USDC and boosting its revenue share. Oppenheimer rates Coinbase’s stock with an outperform and $107 price target.S. They aren’t being fixed. Shares were trading around $65.45 apiece in Friday’s session. Coinbase said this week it would in a push to promote the wider global adoption of its stablecoin. Analysts from JPMorgan that Coinbase’s joint venture with USDC issuer Circle alone could contribute about $700 million of incremental revenue for the company next year. Read more: . The troubling sign is it is getting worse not better.