A few weeks ago we reported on Coinbase's intention to include different cryptocurrencies on its platform, starting with the ZRX cryptocurrency. This was a big surprise since we were used to always seeing the same coins in their platform: Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic and Litecoin.
The next surprise on the part of Coinbase has been the issuance of the USD COIN stable currency backed in dollars. USD COIN is an ERC-20 token that creates possibilities in payments, loans, investments, trade and commercial financing. To issue USD COIN Coinbase was associated with Circle, a company that has been operating since 2013 in the field of cryptocurrencies, better known as the owner of Poloniex exchange.
These are very good news, since a stable cryptocurrency is necessary for the exchange, shipping and payments. In addition recently we have seen how the cryptocurrency that is most used for these purposes, the TETHER, has diminished its credibility since it is rumored that Bitfinex does not have enough backup for its TETHER currency in its bank accounts.
My congratulations to Coinbase and Circle for their partnership and the creation of the USD COIN cryptocurrency that will bring more confidence and usefulness in the cryptocurrency ecosystem.
cointelegraph.com
