Coinbase Looking Outside the US To Grow USDC Stablecoin
Coinbase has announced commission-free trading for those who buy USDC with non-USD fiat currency in a bid to increase its use outside the United States. San Francisco-based exchange Coinbase is building on-ramps for USDC access outside the United States in a bid to “increase economic freedom in the world.”.
The exchange wants to reduce barriers to using the stablecoin by establishing global parity for all users — meaning that Coinbase will remove commission fees when customers buy or sell USDC via any non-USD fiat currency on Coinbase. USDC has quickly become a strong stablecoin in the market and is now competing with UDST. The CEO of its issuer, Circle, has also said that the stablecoin is in its strongest financial position ever.