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Key Takeaways
- Coinbase unveiled 1:1 backed tokenized US stocks with on-chain ownership and automatic dividends.
- Unlike rivals’ synthetic products, each token is backed by a real share held in custody.
- The tokenized stocks launch outside the US first, with domestic access pending SEC clarity.
- A new USDC-secured Coinbase One Card extends Bitcoin rewards to users denied traditional credit.
Coinbase used a June 16 product event to push its “everything exchange” ambition further than before, unveiling 1:1 backed tokenized US stocks and a credit card secured by USDC. CEO Brian Armstrong framed the throughline directly: a company that began as a place to buy Bitcoin now wants to power a user’s entire financial life. The announcements are ambitious, but each carries a catch worth understanding before the headlines settle.
Started as a place to buy Bitcoin.
Now we're here ↓ pic.twitter.com/ijZm...
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