Cryptocurrency exchange Coinbase is expanding trading in the dollar-pegged stablecoin USD Coin (USDC) to 85 nations worldwide.
In a blog post Tuesday, the firm said it now offers crypto-to-crypto trading for USDC in those countries on both its retail site Coinbase. com and its Coinbase Pro service.
The firm touted the strengths of the token in the post, saying it offers a stable store of value and can be sent “near-instantly” around the globe. “Unlike other cryptocurrencies, each USDC is backed by $1 USD with monthly transparency audits showing 100% USD backing,” Coinbase said.