BlockBeats News, on June 19, former Scalar Capital co-founder and Coinbase product manager Linda Xie stated on her X platform that she had suggested to Coinbase in late 2016 / early 2017 to launch their own USD stablecoin and even wrote a complete specification for it, but it did not succeed.
"However, big ideas from users are cheap; the key lies in execution. For example, the team behind the launch of USDC clearly succeeded, and their timing was excellent."
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