News for hackers. Stuff that matters.

A comment on Coinbase suspending USDC:USD conversions over the weekend. Parent comment

Re:Coinbase suspending USDC:USD conversions over the weekend by simmerup on Saturday March 11, 2023 @05:28AM (#35107089)
It helps that you can only turn it into real money in 100k chunks.
[ Parent | on HN ]
Re:Coinbase suspending USDC:USD conversions over the weekend by drexlspivey on Saturday March 11, 2023 @05:50AM (#35107184)
You can turn it into real money in any amount by selling it on the market. Market makers will handle the “100k chunks” problem for you.
[ Parent | on HN ]
Re:Coinbase suspending USDC:USD conversions over the weekend by simmerup on Sunday March 12, 2023 @03:03PM (#35124637)
Exactly. It’s a neat way to prevent a run, especially if the market makers are acting in cahoots.
[ Parent | on HN ]