Your move, Malta.
USD Coin price
About USD Coin
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.
Bermuda announced Wednesday it will accept payments in the USDC stablecoin "for taxes, fees and other government services."
Public retail adoption of stablecoins might occur more rapidly in countries without a strong banking infrastructure.
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