RegulationPrimary source

Degraded Performance - Coinbase Payments

Aug 22 , 04:31 PDT Investigating - We are aware that some users may be experiencing issues completing payments using USDC on the Polygon network via Coinbase Payments. Payments using other networks, including Base and Ethereum, are not affected. Our team is investigating this issue and will provide an update shortly. Your funds are safe.

What happened

Aug 22 , 04:31 PDT Investigating - We are aware that some users may be experiencing issues completing payments using USDC on the Polygon network via Coinbase Payments. Payments using other networks, including Base and Ethereum, are not affected. Our team is investigating this issue and will provide an update shortly. Your funds are safe.

Why it matters

The proceeding may create legal precedent, financial exposure or operating constraints for Ethereum, Coinbase, USDC.

Affected entities

Ethereum · ETHNeutralCoinbase · COINNeutralUSDC · USDCNeutral

View evidence

1 reports · 1 original report · 1 independent

  1. Coinbase StatusPrimary source · Supports · EN · 100%
    Degraded Performance - Coinbase Payments

Claims

  • Degraded Performance - Coinbase Payments Observed

Conflicts

No material conflict detected in the available evidence.

Timeline

  1. First reported

Market move following event

ETH · 15 min+0.08%
ETH · 1 h+0.33%
ETH · 4 h-0.28%
ETH · 24 h+0.20%

Score explanation

Confidence · formula confidence-2.1.0
Source trust81
Independent corroboration51
Primary evidence100
Claim consistency82
Extraction confidence82
Attribution quality90
Impact · formula impact-2.1.0
Event magnitude76
Market relevance88
Entity significance94
Market breadth72
Novelty68
Urgency78
Ranking · formula rank-1.0.0
Confidence factor0.901
Freshness factor0.9997
Breaking bonus8