Cryptocurrency exchange Coinbase is ramping up stablecoin support around the world. Customers can now trade USD Coin (or USDC for short) in 85 countries — USDC support was only available in the U.S. excluding NY. You can trade USDC on both Coinbase and Coinbase Pro.
The company has been aggressive when it comes to international expansion. Coinbase is currently available in over 100 countries — 85 out of 103 countries support USDC. But there’s a trick. Many countries can only exchange crypto assets for other assets — there’s no crypto-to-fiat conversions.
As the name suggests, a USDC is a token that is worth exactly 1 USD. Its value is stable against USD. That’s why people call this type of assets stablecoins. Coinbase and other USDC