Something that's missing from this article: Since USDC is an ERC20 token based o... | Hacker News

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		larrysalibra on Oct 23, 2018 \| parent \| context \| favorite \| on: Coinbase is launching support for the USDC stablec... Something that's missing from this article: Since USDC is an ERC20 token based on Ethereum, you'll still need to hold ETH so that you can pay for gas to move the USDC stablecoin token around. A fiat-world analogy to this would be to imagine if spending Euros required you to hold US Dollars to pay the transaction fees.

mavdi on Oct 23, 2018 | [–]

Most coins are ERC20 coins. These coins might dance around all day, but the DJ is Ethereum. That's what you should be really holding.

GabrielBen on Oct 23, 2018 | [–]

Another fiat-world analogy is paying to have the checkbook to be able to send money.

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