Well the crypto HN unicorn is Coinbase. They seem legit but they're bleeding money and atm not only the free money lunch is over but also nobody in their right mind want to invest in a crypto company.

Then Coinbase has a very serious issue: legislators already said that should Coinbase go belly up, the actual tens of billions backing the USCD (Coinbase's stable coin) could be seized to reimburse the investors first.

So, knowing that, who is going to use Coinbase's stable coin? Knowing that at any time the rug can be pulled under your feet.

Even if they're legit they're walking on extremely thin ice.

Then there's the issue of Coinbase, for whatever reason, having pairs trading in USDT (the ultimate scam). And Coinbase is also guilty of having listed several of the pump and dumped shitcoins of SBF's creation.

Sticking to BTC / ETH and actually backing USDC 1:1 without using the funds to bail out investors first was too much to ask?