Crypto users must deal with costly fees, protocol-level restrictions and multiple service providers to execute simple stablecoin transactions. The number of different stablecoin tickers and token standards is fragmenting liquidity across the crypto ecosystem and burdening users with a poor experience that is costly, technical,and time-consuming, according to onchain sleuth ZachXBT. Cross-chain bridging restrictions, gas and transaction fees that must be paid in the native token of the blockchain being used, and a lack of universal token support across exchanges are all obstacles users face in transferring stablecoins across the crypto ecosystem, ZachXBT said. He gave the following example: From there, the user may realize that their exchange of choice doesn’t support the token or a swap on that token and is forced to bridge to a different blockchain, spend more on gas fees, download another wallet or sign up for another exchange to execute the transaction. The lack of a smooth user experience and intuitive us...
Crypto users must deal with costly fees, protocol-level restrictions and multiple service providers to execute simple stablecoin transactions. The number of different stablecoin tickers and token standards is fragmenting liquidity across the crypto ecosystem and burdening users with a poor experience that is costly, technical,and time-consuming, according to onchain sleuth ZachXBT. Cross-chain bridging restrictions, gas and transaction fees that must be paid in the native token of the blockchain being used, and a lack of universal token support across exchanges are all obstacles users face in transferring stablecoins across the crypto ecosystem, ZachXBT said. He gave the following example: From there, the user may realize that their exchange of choice doesn’t support the token or a swap on that token and is forced to bridge to a different blockchain, spend more on gas fees, download another wallet or sign up for another exchange to execute the transaction. The lack of a smooth user experience and intuitive us...
The chief policy officer said that the company was “proud to have supported the building of a new ballroom” in response to allegations of corruption from a US senator. Faryar Shirzad, chief policy officer at US-based cryptocurrency exchange Coinbase, has pushed back against many of the claims made by a US senator regarding ties to the Trump administration. In a Thursday X post, Shirzad responded to criticism from Connecticut Senator Chris Murphy, who claimed on social media that Coinbase was one of the cogs in US President Donald Trump’s “corruption factory” through its contributions to the political action committee (PAC) Fairshake and funding the 2025 inauguration. The senator drew a direct correlation between the funding and the US Securities and Exchange Commission (SEC) dropping an enforcement action against Coinbase, which was filed during the previous administration. Read more
The chief policy officer said that the company was “proud to have supported the building of a new ballroom” in response to allegations of corruption from a US senator. Faryar Shirzad, chief policy officer at US-based cryptocurrency exchange Coinbase, has pushed back against many of the claims made by a US senator regarding ties to the Trump administration. In a Thursday X post, Shirzad responded to criticism from Connecticut Senator Chris Murphy, who claimed on social media that Coinbase was one of the cogs in US President Donald Trump’s “corruption factory” through its contributions to the political action committee (PAC) Fairshake and funding the 2025 inauguration. The senator drew a direct correlation between the funding and the US Securities and Exchange Commission (SEC) dropping an enforcement action against Coinbase, which was filed during the previous administration. Read more