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Coinbase Rolls Out Trading in USDC Stablecoin to 85 Countries

May 14, 2019😶Neutral

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.

Coinbase said:

“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.

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