Which stablecoin does Coinbase use?

3 answers

• Denton HardinApr 10, 2021 · 5 years ago
  Coinbase uses the USDC stablecoin as a means of providing stability to its users. USDC is a popular stablecoin that is pegged to the US dollar, meaning that its value is designed to remain relatively stable compared to other cryptocurrencies. By using USDC, Coinbase aims to offer its users a reliable and secure way to store and transfer value within the cryptocurrency ecosystem.
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• Cam AndreaFeb 07, 2021 · 5 years ago
  Coinbase, being a reputable cryptocurrency exchange, has chosen to use the USDC stablecoin to ensure stability for its users. USDC is backed by a reserve of US dollars held by regulated financial institutions, providing a level of transparency and trust. This stablecoin allows Coinbase users to easily convert their cryptocurrencies into a stable asset, reducing the volatility risks associated with other digital currencies.
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• Alfan Ismail AlfanAug 13, 2023 · 2 years ago
  Coinbase, like many other exchanges, uses the USDC stablecoin to provide stability to its users. USDC is an ERC-20 token that is issued by Circle and Coinbase. It is audited monthly to ensure that the number of tokens in circulation matches the amount of US dollars held in reserve. By utilizing USDC, Coinbase offers its users a reliable and transparent stablecoin option for their trading and investment needs.
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