Approximately a few months ago, the largest crypt coin exchange called coinbase announced a support for a stable coin called Circle with the goal that its customers can buy, sell, send and receive deposits in USDC.
By conducting research that provides support for this currency backed in USD or U.S. dollar, it allows customers to make an issued jurisdiction. What does it mean that the company wants stablecoin to be a primary currency on its coinbase platform.
Coinbase Implementation Process 12 Days
What we know about this coinbase announcement, gives date to the beginning of December.
In tune with the festivities that are coming like Christmas. The Company announced that the 12th will run until December 21, 2018.
On the first day, for example, the company announced that customers in the United States could now spend their crypto coins on WeGift electronic gift cards. Customers now enjoy rates and bonuses of up to 10% at specific providers. This has facilitated the use of cryptographic coins for daily purchases of goods.
On Day 6, the company donated $10,000 at BTC to support Syrian refugees served in Greece. The early Christmas gift allows GiveCrypto.org to significantly expand on the model that has already enabled them to support other families of Syrian families. The support provides a basic income to more than 150 Syrian refugees in Greece. This aid comes after also donating $10,000 in Zcash to more than 100 Venezuelan families.
The 7th announcement explains what is most special about the USDC, showing all the benefits of crypto currencies at a stable price.
The team defines the USDC currency as a type of crypto currency that is known as stablecoin.
Currencies can always be exchanged at a price of $1.00 for 1 USDC, which gives it a stable price.
This means that each USDC is backed by one US dollar, which is held in a bank account. The USDC is an Ethereum token and can therefore be stored in Ethereum compatible portfolios such as the Coinbase portfolio.