While I agree with you that it would help solve a problem for you and me if Coinbase to accept local currencies for USDC, would it cause a problem for Coinbase? I know they would make money on fees, but they make money in fees anyway. If you go and do the work or take tour own time and risk to get your currency into the “right input” then they still make money.

If Coinbase accepts a currency you don’t want and turns it into a crypto you do want, they would be seen, potentially, by the government, as complicit in the “bitexit” as described by Andreas Antonopoulos. So far, Coinbase is the established bridge and de facto onramp for the masses and has been checking all the checkboxes and getting all the licenses.

It just seems if Coinbase did this, it represents a lot of risk to them - making the government angry for one, and getting a really big bag of FIAT currency that is devaluing over time for two.

Do I understand the situation correctly?