A big worry is that the company hasn't said what it will do with the money from selling stablecoins.
Coin Stock Quote
Coin Stock Quote latest news, images, analysis about Find the latest Coinbase Global, Inc. (COIN) stock quote, history, news and other vital information to help you with your stock trading and investing.
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According to reports, 'endogenously collateralized stablecoins,' which rely on the value of an attached cryptocurrency from the same inventor to maintain a stable price, will be covered by the definition of the bill.
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On Monday, Senator Andrew Bragg unveiled a draft bill that would control cryptocurrency exchanges, stablecoins, and the virtual currency known as the yuan.
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FAQs for Coin Stock Quote
Is Coinbase's FTX downgrade putting stablecoins to the test?
The company implied that the fallout of FTX put “some stablecoins to the test.” Coinbase Stock Is Falling. New Downgrade Casts a Shadow Over 2023, Raises Fresh Risks. FTX Founder Bankman-Fried Will Face Congress. For Investors, It’s a Distraction.
What is Coinbase's pre-market and after-hours market?
Users can establish an account directly with the firm, instead of using an intermediary, and many choose to allow Coinbase to act as a custodian for their cryptocurrency, giving the company breadth beyond that of a tra Investors may trade in the Pre-Market (4:00-9:30 a.m. ET) and the After Hours Market (4:00-8:00 p.m. ET).
Is stablecoin in a battle with tether for market share?
The stablecoin is in a heated battle with tether for market share as recent crypto woes erode trust. The U.S. Supreme Court on Friday agreed to hear cryptocurrency exchange Coinbase Global Inc's bid to halt lawsuits the company contends belong in private arbitration, including one by a user suing after a scammer stole from his account.
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