Coinbase & Circle Launch The USDC Stablecoin

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  • Cryptocurrency exchange Coinbase together with Circle have announced the launch of the first stablecoin

 

  • The USD Coin stablecoin (USDC) is unlike other cryptocurrencies like Bitcoin, as the USDC represents a single US Dollar (USD), the coin has a stable value and does not fluctuate

 

  • Coinbase customers can already utilize the USD Coin stablecoin (USDC) at Coinbase.com and via Coinbase iOS & Android applications

 

  • The underlying technology was developed collaboratively between Coinbase and the payments technology company Circle

 

  • The Coinbase blog said: ”The advantage of a blockchain-based digital dollar like USDC is easier to program with, to send quickly, to use in dApps, and to store locally than traditional bank account-based dollars. That’s why we think of it as an important step towards a more open financial system.”

 

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