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.
The exchange continues to expand its services despite being in the news for other reasons.
Payments is replacing trading as stablecoins’ major use case, and companies like Coinbase want to ride the trend
The potential to buy a slice of pizza with stablecoins may be the gateway for mass adoption of cryptocurrencies, and some stablecoin issuers, including Coinbase, Paxos, and Terra, are pivoting in that direction and have seen some early success. The post Payments is replacing trading as stablecoins’ major use case, and companies like Coinbase want to ride the trend appeared first on The Block.
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