Bitcoin And Crypto Price Volatility Opens The Door For Further Stablecoin Adoption
Stablecoins increasingly look like the future of crypto, with good reason, and will continue to open the door to new and exciting applications moving forward.

USD Coin (USDC) is a stablecoin fully backed by the US dollar and developed by the CENTRE consortium. Coinbase customers with US dollar accounts may exchange 1 USDC for US$1.00 (and vice versa) on Coinbase in jurisdictions where USDC support is available. The graph above reflects USDC’s current and historical redemption value of US$1.00, which may not match the price of USDC on other exchanges. USDC is an Ethereum token and is the only fiat-backed stablecoin currently supported by Coinbase. Note: Coinbase only supports USDC running on Ethereum (ERC-20).
USD Coin (USDC) is a stablecoin developed by the Centre Consortium, a collaboration between Coinbase and Circle Internet Financial (Circle). Circle is the issuer of USDC. All issuers use a reserve bank account to hold US Dollars that back USDC in circulation. Each USDC represents a single US dollar (USD), and is meant to not move up and down significantly in terms of its exchange rate.
It is a 1:1 representation of a single US dollar on the Ethereum blockchain
Each USDC is 100% collateralized by a corresponding USD held in bank accounts of the issuer, subject to regular public reporting of USD reserves
USDC follows the ERC20 standard and can thus be used with any app that accepts tokens based on that standard
This means a stable digital dollar can now be used to buy any digital item in the crypto ecosystem
Programmable dollar that can be utilized by developers and fintech businesses
Coinbase customers from eligible regions can buy USDC on Coinbase.com and in the Coinbase iOS and Android apps. For which regions support trading USDC, please see our Supported Digital Currencies page.
Purchased USDC tokens will be displayed as an asset within your Coinbase wallet on Coinbase.com or in the Coinbase mobile app.
For US customers only: Digital Currency Conversions ending or starting with USDC are treated as Digital Currency Purchases and Digital Currency Sales respectively, and are charged a spread and Coinbase Fee as stated above for "Buy/Sell Transactions".
When converting from USD to USDC only, Coinbase waives the fee for transactions made with a US bank account or USD Wallet. Purchasing USDC with a credit or debit card will incur the standard fee for each transaction.
To learn more about fees around buying, selling, or converting USDC, check out our Pricing and Fees Disclosures page here.
Yes, but only to the USDC wallet in your Coinbase account. Do not send USDC to any Coinbase wallet addresses other than your USDC wallet. Coinbase will not be able to recover tokens sent to the wrong address.
When sending USDC from Coinbase to another address or exchange, please make sure the recipient supports USDC. If you send to an external (non-Coinbase) address or wallet that does not support USDC, you will need to directly contact their support team for assistance.
Stablecoins increasingly look like the future of crypto, with good reason, and will continue to open the door to new and exciting applications moving forward.
US Dollar Coin (USDC) is a stablecoin—a cryptocurrency token pegged to the value of a real-world asset, in this case the US Dollar.
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