Coinbase Product Manager: I suggested Coinbase to launch its own stablecoin in 2016/2017, but it was unsuccessful

Odaily News Linda Xie, former co-founder of Scalar Capital and head of product at Coinbase, said on her X platform that she had suggested to Coinbase in late 2016/early 2017 that they launch their own dollar stablecoin and wrote a complete specification for it, but it was unsuccessful.
“But the ideas of big users are cheap. The key is execution. For example, the team that launched USDC was obviously successful and the timing was good.”