Hacker News Reader

They weren't allowed to buy USD except at a regulated exchange rate, and the banks complied. They weren't allowed to buy stablecoins either with the same restrictions, but Coinbase ignored the rules. Breaking the law does not represent a unique benefit of cryptocurrency.

View on HN

But letting the people buy a stable asset that still protect them from inflation is. Maybe I'm wrong, but if they could but it from the bank too, why did they choose cryptocurrency way? I'm sure they had a rational explanation.

(disclaimer: I didn't read TFA because of the paywall)

Because by breaking the law, Coinbase was able to offer a better deal. https://www.quora.com/What-are-the-apps-that-offer-U-S-A-vir...

Reply on news.ycombinator.com