{"id":502548,"date":"2022-10-21T09:28:01","date_gmt":"2022-10-21T06:28:01","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/usdc-adoption-is-lagging-outside-of-the-united-states-coinbase\/"},"modified":"2022-10-21T09:28:01","modified_gmt":"2022-10-21T06:28:01","slug":"usdc-adoption-is-lagging-outside-of-the-united-states-coinbase","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/usdc-adoption-is-lagging-outside-of-the-united-states-coinbase\/","title":{"rendered":"# USDC adoption is lagging outside of the United States: Coinbase"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a22fabe60bf8\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a22fabe60bf8\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/usdc-adoption-is-lagging-outside-of-the-united-states-coinbase\/#%E2%80%9D_USDC_adoption_is_lagging_outside_of_the_United_States_Coinbase_%E2%80%9C\" >&#8221; USDC adoption is lagging outside of the United States: Coinbase &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_USDC_adoption_is_lagging_outside_of_the_United_States_Coinbase_%E2%80%9C\"><\/span>&#8221; USDC adoption is lagging outside of the United States: Coinbase &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTAvMjFmNWJlMDUtODczMy00MWMwLWFmYjUtZjc5ZTZlYjU3MGM2LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-4b69a2fe>United States-based cryptocurrency exchange Coinbase says the adoption of USD Coin (USDC) has been \u201cmore conservative\u201d outside of the U.S., which it believes is a result of international currency conversion fees.<\/p>\n<p>In an Oct. 20 statement, the exchange said there is currently three times more USDC <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.coinbase.com\/blog\/increasing-access-to-usdc-internationally-commission-free-trading\">bought<\/a> with U.S. dollars as compared to other currencies.<\/p>\n<p>\u201cCurrently, 3x more USDC is bought with USD versus non-USD currencies. In part this is because, outside of the US, users usually have to pay fees in the process of converting their local currency into USDC, and this is a barrier to broader international adoption.\u201d<\/p>\n<p>The U.S. dollar-pegged cryptocurrency is currently the second-largest stablecoin by market capitalization under Tether (USDT). <\/p>\n<p>Coinbase said it sees the utility of stablecoins such as USDC benefitting residents in countries requiring a coin that doesn\u2019t fluctuate in value, is highly accessible and gives access to decentralized finance (DeFi). <\/p>\n<p>The exchange said it is aiming to \u201cbuild more on-ramps for users to access USDC,\u201d and will be waiving fees for all customers who buy or sell USDC using any fiat currency.<\/p>\n<p>In 2018, Coinbase along with payments <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> company Circle\u00a0partnered to create the Centre Consortium to develop USDC, which currently is the second-largest stablecoin behind Tether and the fourth-largest cryptocurrency in terms of market capitalization.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Acting US FDIC head cautiously optimistic about permissioned stablecoins for payments<\/em><\/strong><\/p>\n<p>Stablecoins such as USDC are seen as a cheaper and faster alternative compared to traditional remittance systems for sending value between parties. A recent report by Chainalysis shows the use of stablecoins for remittances as a key factor driving crypto adoption in Latin America.<\/p>\n<p>The move by Coinbase is the latest in efforts to increase the adoption of USDC, in September, Circle announced it would roll out the stablecoin across five additional blockchains including Polkadot, Optimism, Near, Arbitrum and Cosmos.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/p>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/usdc-adoption-is-lagging-outside-of-the-united-states-coinbase\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; USDC adoption is lagging outside of the United States: Coinbase &#8220; United States-based cryptocurrency exchange Coinbase says the adoption of USD Coin (USDC) has been \u201cmore conservative\u201d outside of the U.S., which it believes is a result of international currency conversion fees. In an Oct. 20 statement, the exchange said there is currently three&#8230;<\/p>\n","protected":false},"author":1,"featured_media":502549,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTAvMjFmNWJlMDUtODczMy00MWMwLWFmYjUtZjc5ZTZlYjU3MGM2LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[75936,74956,75493,82350,117,72927],"class_list":["post-502548","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-circle","tag-coinbase","tag-stablecoin","tag-usd-coin","tag-business","tag-fees"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/502548","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=502548"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/502548\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/502549"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=502548"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=502548"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=502548"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}