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The whole crypto game is dead without these exchanges.

To hold your own keys etc is just too complicated.

I dont want to put 100k onto a USB drive where I may forget the PW to.

Crypto is just not going to hit mainstream if you cant get exchanges "banks" to stop selfimploding.

Coinbase, which happen to be a Y Combinator unicorn, is saying they're totally fine. Credit where it's due: Coinbase never ever dealt with Tether/USDT. They say the $42 billion of USDC they minted are all backed and that all the clients' assets on their site (USDC/coins/EUR/USD/etc.) are all backed 1:1.

I hope Coinbase is and stays an honest (and regulated) player in that crazy space:

https://www.coinbase.com/blog/our-approach-to-transparency-r...

Coinbase supports USDT

https://www.coinbase.com/how-to-buy/tether

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