Phil McDonnell

Computer Scientist. Product person. @Coinbase I work on USDC, Staking, CB1, Send/Receive, Payments, Remittances, onramps, onchain, nfts, etc. Opinions mine.

[Jake Tennant @JakeTennant13]

Old news now, but so excited to roll out 10 new onchain benefits for @coinbase One members with such amazing partners. Here’s a quick demo! Let us know what you’d like to see next.

[Phil McDonnell @philmcd]

@CoinbaseDuck @coinbase @maxbranzburg Agreed. Our discovery today is pretty limited. Just rolling this out. Super excited about this. Has been a long time in the making. A lot of things to fast follow on, including discovery from the left nav. @sidrmsh

[Phil McDonnell @philmcd]

Super excited to introduce our new Bitcoin-backed loans product on Coinbase.

You can now borrow cash instantly using your existing bitcoin as collateral. It’s just a few clicks:
1) Open Coinbase app
2) Cash tab -> Loans
3) Tell it how much you want to Borrow
4) Boom - up to $100k in seconds

This is all powered by a brand new self custody wallet infrastructure embedded inside the core Coinbase app. The actual loan is done by Morpho, a leading decentralized protocol. Rollout starts today. Super excited about this and where it can go next.

[Phil McDonnell @philmcd]

@gokulr @coinbase Appreciate it @gokulr! It's been an absolute privilege to lead Coinbase's Subscription & Services businesses the past several years and help grow it from 3% to 50% of revenue. Lots more left to build!

[Ritchie Torres @RitchieTorres]

I wrote an op-ed about dollar stablecoins that makes several points:

The proliferation of dollar stablecoins represents the projection of American soft power across the globe.

Dollar stablecoins create a rapidly growing market for US Treasuries, driving down the cost of US debt.

Dollar stablecoins represent the greatest experiment in financial inclusion ever undertaken, bringing a stable currency to impoverished countries where none exist and offering an escape from runaway inflation and currency depreciation.

For further insight, read the op-ed:
https://t.co/qncjtVSVVz

[Phil McDonnell @philmcd]

@brian_armstrong Congrats, Brian!

[Michael Rihani @MichaelRihani]

Hiring three PMs to join our Financial Services team at @coinbase.

If you have experience in consumer payments, fintech, or DeFi, we want to hear from you. Apply below or DM me referrals.

Sr. PM: https://t.co/GdqlJJD9h3
PM II: https://t.co/pX9H3qChux
PM I: https://t.co/VHo5xbtppr

[Katherine Minarik @MinarikLaw]

Such important pushback here on the misguided assumption that all financial transactions must be surveilled. That’s the opposite of American values, no matter what side of the aisle you are on.

[Molly Abraham @mollyisonchain]

Hoping for more crypto, less golf handicaps for this week's debate.

[Jeremy Allaire @jerallaire]

Slowly, then suddenly and all at once, EURC becoming the largest Euro Stablecoin.

https://t.co/mBNPD0XONS

[Coinbase 🛡️ @coinbase]

cbBTC.

[Wade Preston 🛡️ @wadepreston]

About to put this sticker on the front door of my business that serves 250 ppl a day.

[Phil McDonnell @philmcd]

I've tokenized my time on timefun. Trade my time and redeem 1-on-1 time with me anytime: https://t.co/jYre8CC5Ec

[Phil McDonnell @philmcd]

My own mister miggles remix:

https://t.co/r3rt0Rei4h

[Phil McDonnell @philmcd]

@0xLeoInRio @MagicEden Love it Jack! Congrats!

[Phil McDonnell @philmcd]

@linasbeliunas @RevolutApp Liked your substack post. Impressive growth. Any thoughts on how they achieved that stat around "70% of new members joined organically or through referrals?"

Are new users coming for a particular value props or are certain programs working well?

[Phil McDonnell @philmcd]

@zcabrams Relish that. It’s probably part of what keeps you good at this.