Coinbase has taken a huge step in its plans to operate business fully on chain by moving the USDC of users to its rising Layer 2 network Base beginning on Tuesday.
Coinbase will store customers'
to Base Coinbase is moving more of its corporate and customer will be moved from the Coinbase server handling customer funds to the Base L2, which is controlled by the single sequencer managed by Coinbase, he said. Coinbase had previously said it plans to decentralize its sequencing role in the future gradually. Max Branzburg tried to calm the fears by saying, We always store your assets 1:1. We will never repurpose your funds. We do not lend or take any action with your assets, unless you specifically instruct us to.
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