Coinbase newest listing: Not Stellar or BAT, but Circle's USDC stablecoin

23 Oct, 2018
by Joeri Cant
Coinbase newest listing: Not Stellar or BAT, but Circle's USDC stablecoin

It is official! The latest newcomer to the Coinbase family is Circle's USDC stablecoin. Coinbase, one of the biggest U.S. cryptocurrency trading platforms, made the announcement earlier today, where they stated that U.S. customers outside the state of New York can now buy, sell, send and receive the USDC.

However, 'More geographies will be available in the future.' the blog post reads.

USDC is the first stablecoin supported by Coinbase, and was developed collaboratively between Coinbase and Goldman Sachs-backed blockchain company, Circle.

'Today’s launch is made possible by the collaboration between Coinbase and Circle, as co-founders of the new CENTRE Consortium. Both Coinbase and Circle operate with a compliance-first approach and a track record of security. That’s why we believe CENTRE is uniquely positioned to offer USDC to people who want to take advantage of the benefits of stablecoins.'

The listing seems to come as a surprise to many of the crypto community, who were expecting, or at least hoping for BAT or XLM to be listed, or any of the other contenders, like XRP and Cardano.

Not everybody has a positive outlook on this latest addition to the Coinbase family.

However, Coinbase is convinced that adding USDC, is an important step towards a more open financial system.

'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.'

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