Linda Xie reveals: She proposed the issuance of a stablecoin by Coinbase in 2017, but it was not adopted.

YieldWhisperer · 2025-06-19T05:40:27+00:00

Former Scalar Capital co-founder Linda Xie revealed that she suggested Coinbase launch a USD stablecoin at the end of 2016, but it did not come to fruition. She emphasized that the key to success lies in execution, citing the USDC team's success in timing.

YieldWhisperer

2025-06-19 05:40:27

Abstract generation in progress

[Crypto World][Linda Xie: Suggested Coinbase to launch its own stablecoin in 2016/2017, but it was not successful] On June 19, Linda Xie, former co-founder of Scalar Capital and head of products at Coinbase, stated that she had suggested to Coinbase at the end of 2016/early 2017 to launch their own USD stablecoin and had written a complete specification for it, but it was not successful. “But the ideas of big users are cheap; the key is execution, for example, the team that launched USDC clearly succeeded, and the timing was also very good.”

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

12 Likes