Coinbase has added 50 more jurisdictions to its coverage, including such countries as Brazil, South Africa and Taiwan, among others, the firm announced in a blog post on May 14. Starting from today, Coinbase serves customers in 103 countries in total.
The crypto exchange has also expanded USD Coin (USDC) trading to customers in 85 countries to “improve the lives of people in countries where inflation is eroding wealth.”
USD Coin is the first stablecoin listed for trading on Coinbase platform: the exchange first listed USDC back in October 2018 for customers in selected jurisdictions in the U.S.
A stablecoin is a digital currency designed to have minimal price volatility due to its 1:1 peg to a certain fiat currency or cryptocurrency holding.
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