Coinbase Rolls Out Trading in USDC Stablecoin to 85 Countries
Cryptocurrency exchange Coinbase is expanding trading in the dollar-pegged stablecoin USD Coin (USDC) to 85 nations worldwide.
In a blog post Tuesday, the firm said it now offers crypto-to-crypto trading for USDC in those countries on both its retail site Coinbase.com and its Coinbase Pro service.
“For new customers in countries like Argentina and Uzbekistan, where consumer prices are expected to inflate by 10–20% in 2020, stablecoins like USDC could provide an opportunity to protect against inflation.”
In February, Coinbase soft launched a service that uses USDC and XRP as a means to make "fast and free" international payments. And earlier today, the exchange said it was opening up XRP trading for residents in New York state.