Coinbase To Dethrone Tether, Its Stablecoin Now Available in 85 Countries

The major US-based cryptocurrency exchange Coinbase announces that they are looking to dethrone Tether (USDT) by expanding trading of their own US dollar-pegged stablecoin, USD Coin (USDC), to 85 nations around the world.

Coinbase announced the USDC expansion in a blog post on Tuesday, stating that the stablecoin now offers crypto-to-crypto trading on both the retail site and the Coinbase Pro exchange.

Advantages of USDC Over Cash or Fiat Currency

The firm explains the strengths of USDC in the blog post, stating that this expansion will help accelerate the global adoption of crypto trading while also offering nations who suffer from inflation with a stable store of value.

They also note that USDC can be…

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