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Cryptocurrency exchange Coinbase will now offer crypto-to-crypto trading for dollar-pegged stablecoin USD Coin (USDC) to 85 nations worldwide, as per a blog post on Tuesday,
In these countries, the USDC will be offered through both its retail site Coinbase.com and its Coinbase Pro service. Touting the strengths of the token the post elaborates that USDC offers a stable store of value and can be sent “near-instantly” around the globe. Coinbase stated:
“Unlike other cryptocurrencies, each USDC is backed by $1 USD with monthly transparency audits showing 100% USD backing.”
The firm suggested USDC could aid countries who are facing instability with their fiat currency. Coinbase added:
“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...
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