© Reuters Coinbase Staking Is Self-Custodial, Claims CEO: But What About USDC ‘Staking’? 
- Coinbase (NASDAQ:COIN) CEO has no considerations over stablecoins and is bullish on USDC.
- Coinbase needs to work with regulators to guard customers, Armstrong said.
- Coinbase’s staking product differs from Kraken’s, as customers assist custody of funds, he said.
- Coinbase offers 1.5% APY on keeping USDC, which would now not reach from staking.
- SEC’s “investigative subpoenas†to Coinbase are honest requests for data, he said.
For the reason that FTX collapse, crypto exchanges were below intense regulatory scrutiny. Now not too lengthy within the past, stablecoins and staking products came below the crosshairs of the US Securities and Exchange Commission (SEC).
In these instances, traders grew to vary into jittered about the efficiency of crypto exchanges. One of them is Coinbase, the biggest US crypto switch.
On Thursday, Coinbase co-founder and CEO Brian Armstrong addressed investor considerations in an interview with Bloomberg TV...
