Coinbase is going big on its USD Coin (USDC) stablecoin, developed in conjunction with Circle.
USDC is being rolled out to 85 jurisdictions around the world in a major move development.
Much troubled Tether still dominates trading on crypto-to-crypto exchanges, where it acts as a surrogate for the dollar of other fiat currencies.
However, with sister company Bitfinex being threatened with court proceedings in New York and Tether forced to admit that the stablecoin is only 74% backed by cash, Coinbase's timing is impeccable.
For more details view the Coinbase video below:
Posted from Coinintelnews.com with SteemPress : https://coinintelnews.com/coinbase-usdc-85-countries-blow-to-tether/