Coinbase Expands Circle's USD Coin (USDC) Around The World Reaching 85 Countries

Coinbase has just announced that they are increasing their support for crypto-to-crypto trading around the world. The crypto company has added USDC trading for customers in 85 countries. The company is trying to expand and reach new customers from different regions, enabling access to a stable store of value.

Coinbase Expands USDC To 85 Countries

The San Francisco-based cryptocurrency exchange announced that it has added the stablecoin USD Coin (USDC) to 85 new countries. Moreover, they have launched crypto-to-crypto trading services to 50 new countries. In this way, Coinbase has a presence in 103 jurisdictions.

The main intention is to reach a large number of users by leveraging stablecoins as a non-volatile digital asset that can be used to connect investors to other cryptocurrencies. A few months ago, the company expanded to 11 new countries. The exchange is expecting users to be able to participate in the market through stablecoins.

Coinbase wrote about the new services:

“We’re welcoming more people around the world to trade between different cryptocurrencies on a trusted platform. This helps accelerate the global adoption of crypto trading, and with USDC, enables access to a stable store of value.”

There are several countries now included such as Argentina that could be benefited due to the high inflations rates and economic issues that it has experienced over the last years.

USD Coin is one of the many stablecoins in the market that are trying to expand. Tether (USDT), Paxos Standard (PAX) and TrueUSD (TUSD) are just some of the stablecoins that compete against USDC.

USDC was launched back in autumn by several companies, including Circle. The intention was to create a digital currency that would make it easy to transfer value using public blockchains.

At the time of writing this article, USDC is the second largest stablecoin in the market with a market capitalization of $348 million.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Carl T
Carl T
Carl is a legend in cryptocurrency space for his long-storied experience, history and insights. He is a digital nomad who fell in love with bitcoin and its offspring for many years now and prides himself on delivering quality perspectives in the emerging world of crypto-assets and blockchain technology.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

LEAVE A REPLY

Please enter your comment!
Please enter your name here

3,511FansLike
2,795FollowersFollow
4,273FollowersFollow

Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today