Coinbase now helps over 100 nations, including buying and selling between cryptocurrencies to 50 new nations; USDC stablecoin crypto buying and selling now accessible in 85 nations
Immediately we’re deepening our help for crypto-to-crypto buying and selling globally by including USD Coin (USDC) buying and selling to prospects in 85 nations on Coinbase and Coinbase Professional. We’re welcoming extra individuals world wide to commerce between totally different cryptocurrencies on a trusted platform. This helps speed up the worldwide adoption of crypto buying and selling, and with USDC, permits entry to a steady retailer of worth.
Stablecoins like USDC have an a variety of benefits over money: they are often transferred near-instantly and globally, utilized in all kinds of dapps, and saved securely and privately in a crypto pockets. Not like different cryptocurrencies, every USDC is backed by $1 USD with month-to-month transparency audits displaying 100% USD backing. There are greater than 300 million USD Cash in circulation in the present day, supported by +100 ecosystem supporters. For these causes, we see USDC as an necessary step in the direction of a extra open monetary system.
Stablecoins are helpful to anybody who trades crypto, but in addition have the potential to materially enhance the lives of individuals in nations the place inflation is eroding wealth.
For brand spanking new prospects in nations like Argentina and Uzbekistan, the place shopper costs are anticipated to inflate by 10–20% in 2020, stablecoins like USDC may present a chance to guard towards inflation. We gained’t totally notice this imaginative and prescient with out growing the variety of conventional fiat on-ramps, which we're dedicated to increasing the place doable. We additionally work with tasks like Airtm, via our investing arm Coinbase Ventures, to extend entry to fiat fee rails.
Immediately’s information is a vital milestone for Coinbase and crypto adoption in every single place. A yr in the past, Coinbase was solely accessible to prospects in 32 nations. During the last 12 months, we’ve bolstered our foundational work to raised scale our trusted, secure and authorized bridge to crypto. Immediately, we serve prospects in 103 countries throughout each main continent, 50 of which we’re asserting in the present day.
Angola, Armenia, Aruba, Bahamas, Bahrain, Barbados, Benin, Bermuda, Botswana, Brazil, British Virgin Islands, Brunei, Cameroon, Cayman Islands, Costa Rica, Curaçao, Dominican Republic, Ecuador, El Salvador, Ghana, Guatemala, Honduras, Jamaica, Jordan, Kazakhstan, Kenya, Kuwait, Kyrgyzstan, Macau, Maldives, Mauritius, Mongolia, Montenegro, Namibia, Nepal, Nicaragua, Oman, Panama, Paraguay, Rwanda, Serbia, South Africa, Taiwan, Trinidad and Tobago, Tunisia, Turkey, Uganda, Uruguay, Uzbekistan, Zambia
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