US-based cryptocurrency exchange
Coinbase has launched support for USD Coin (USDC), Circle’s fiat-collateralized
stablecoin.
The company said in a blog post on
Tuesday that its US customers outside the state of New York can now buy and
sell USDC, while international users can send and receive the token. The
announcement further details that trading for other “geographies will be
available in the future”. Coinbase Wallet already supports the USDC token,
while Coinbase Pro, the exchange’s professional trading platform, will begin
supporting the token “in the coming weeks”.
Circle, a company backed by
Goldman Sachs (NYSE:GS), launched its
USDC coin last month. Each token is backed by a US dollar holding at a 1:1
ratio, meaning it is 100% collat...
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