Coinbase acquires stake in $USDC stablecoin issuer Circle.

Coinbase acquires stake in $USDC stablecoin issuer Circle.

Coinbase is a large platform for buying and selling cryptocurrencies. USDC stablecoin is a special type of cryptocurrency which is made by a company. It shows the importance of digital money. The USDC stablecoin is a digital money which is worth the same money as the value of US dollars. It means if you have the 1 USDC coin it means you have the 1 dollar. This is a way to move money by the advanced technology which is called blockchain.

Coinbase and circle do various changes for use of money in the future by teamwork. 

Read Also: Coinbase Boosts USDC Interest Rate to 5% Amid Stablecoin Market Tussle

Coinbase puts the money in a circle which helps the steady and trustworthy digital money. People use the USDC stablecoins because it is safe and  easy to use and it is like a digital dollar. Stablecoins are growing day by day because they link between regular money and digital money. The coinbase and circle both care about safety and they are honest about what they do. 

This move has a positive impact on the cryptocurrency market. Coinbase and circle partnership is more trustable from institutional investors. The purchase part of circle by coinbase shows that the digital money world is growing. The teamwork of coinbase and circle create big changes in money works and technology. This could have a big impact on how we hold and save money and use the technology in future. 

Read Also: Circle’s USDC Stablecoin Debuts on Chile’s Mercado Pago, Offering 2 Million Users Access

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About Maria Morgan

Maria Morgan is a full-time cryptocurrency journalist at Coinography. She is graduate in Political Science and Journalism from London, her writing is centered around cryptocurrency news, regulation and policy-making across the glob.

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