Coinbase Product Manager "Previously Proposed Stablecoin at Coinbase, but It Fell Through"
Suehyeon Lee
Summary
- The Coinbase product manager revealed that a past proposal for issuing a proprietary stablecoin did not materialize.
- Linda Xie shared that she had even prepared a spec document for USD stablecoin issuance in 2016–2017, but it did not proceed to execution.
- She emphasized the success of the USDC launch team and the importance of execution.
The Coinbase product manager revealed an anecdote about having previously proposed that Coinbase issue its own stablecoin, but the proposal ultimately did not materialize.
On the 19th (local time), Linda Xie, Coinbase product manager, stated on X that "In 2016–2017, I proposed Coinbase issue its own USD stablecoin, but it didn't happen," and shared that there was even a spec document prepared at that time.
She added, "Execution ultimately matters more than ideas," and evaluated that "The team that actually launched USD Coin (USDC) achieved excellent results and the timing was appropriate."
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
