What are circle and Coinbase doing with USDC?

Both Circle and Coinbase are increasing the capabilities of USDC as a currency and dual-layer blockchain network working toward interoperability with other chains. And they’re using the stablecoin to expand on their own offerings.

What is USD Coin (USDC)?

USD Coin (USDC) is a stablecoin redeemable on a 1:1 basis for US dollars, backed by dollar denominated assets held in segregated accounts with US regulated financial institutions. The launch of USDC was powered by a collaboration between Coinbase and Circle through the co-founding of the CENTRE Consortium.

What is USDC (USDC)?

The launch of USDC was powered by a collaboration between Coinbase and Circle through the co-founding of the CENTRE Consortium. Coinbase customers with US dollar accounts may exchange 1 USDC for US$1.00 (and vice versa) on Coinbase in jurisdictions where USDC support is available. Note: Coinbase only supports USDC running on Ethereum (ERC-20).

Where can I buy USDC?

Coinbase customers from eligible regions can buy USDC on Coinbase.com and in the Coinbase iOS and Android apps. For which regions support trading USDC, please see our Supported Digital Currencies page. Purchased USDC tokens will be displayed as an asset within your Coinbase wallet on Coinbase.com or in the Coinbase mobile app.