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.
Today we expand USD Coin trading to 85 countries across the globe. This helps accelerate the global adoption of crypto trading and enables access to a stable store of value. Read more: https://t.co/1iH1c3FIoi pic.twitter.com/jrJWc9ASbN
— Coinbase (@coinbase) May 14, 2019
Coinbase announced the USDC expansion in a blog post on Tuesday, stating that the stablecoin now offers crypto-to-crypto trading on both the Coinbase.com 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…