US-based cryptocurrency exchange Coinbase has launched support for USD Coin (USDC), Circle’s fiat-collateralized stablecoin.

The company said in a blog post on Tuesday that its US customers outside the state of New York can now buy and sell USDC, while international users can send and receive the token. The announcement further details that trading for other “geographies will be available in the future”. Coinbase Wallet already supports the USDC token, while Coinbase Pro, the exchange’s professional trading platform, will begin supporting the token “in the coming weeks”.

Circle, a company backed by Goldman Sachs (NYSE:GS), launched its USDC coin last month. Each token is backed by a US dollar holding at a 1:1 ratio, meaning it is 100% collat…

This article appeared first on Cryptovest

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