Will USDC be affected if Coinbase goes bankrupt?

3 answers

• Nov 24, 2021 · 3 years ago
  If Coinbase were to go bankrupt, it would not directly affect the value or stability of USDC. USDC is a stablecoin that is pegged to the US dollar and its value is backed by a reserve of US dollars held by Coinbase and Circle. Even if Coinbase were to go bankrupt, the USDC tokens would still retain their value as long as the reserve of US dollars is intact. USDC holders would not lose their funds in this scenario.
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• Nov 24, 2021 · 3 years ago
  No worries! USDC is an independent cryptocurrency that is not directly tied to the financial health of Coinbase. Even if Coinbase were to go bankrupt, USDC would continue to function as usual. USDC is backed by a reserve of US dollars held by Coinbase and Circle, and its value is pegged to the US dollar. So, rest assured, your USDC funds would not be affected if Coinbase goes bankrupt.
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• Nov 24, 2021 · 3 years ago
  As a representative of BYDFi, I can assure you that USDC would not be affected if Coinbase were to go bankrupt. USDC is a stablecoin that is backed by a reserve of US dollars held by Coinbase and Circle. Even if Coinbase were to go bankrupt, the reserve of US dollars would still be intact and USDC holders would not lose their funds. So, you can trust in the stability and security of USDC even in such a scenario.
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