Needham's John Todaro Says USDC Is ‘Exciting’ for the Long Term and Will Benefit Coinbase

The analyst, whose focus is on crypto assets and blockchain research, told CoinDesk TV that considering the slow pace of development for a U.S. CBDC it is “debatable” whether “private markets” will ever choose to use one. But a stablecoin like USDC, which is pegged 1:1 with the U.S. dollar, is another matter.