Announcement: As of October 25, Coinbase Pro has added USD Coin (USDC) to our supported assets. Coinbase Pro customers in qualifying countries will now be able to buy, sell, send, and receive the USDC stablecoin. For info about which products and regions will support the new asset, please see our Supported Digital Currencies page.
USD Coin (USDC) is a stablecoin developed by the Centre Consortium, a collaboration between Coinbase and Circle Internet Financial (Circle). Circle is the issuer of USDC and uses a reserve bank account to hold US Dollars that back USDC in circulation. Each USDC represents a single US dollar (USD), and is meant to not move up and down significantly in terms of its exchange rate.
USDC, a Digital Dollar
How is it used?
USDC/BTC and USDC/ETH currently, with more to come. For a full listing of what’s available, go to our Locations and trading pairs FAQ.
As a stablecoin fully backed by US dollars, USD Coin will always be worth $1 on Coinbase. USDC can be traded for other assets, but can only be converted to or from USD directly through Coinbase.
Coinbase Pro customers can use our new conversion feature to easily exchange USD for USDC directly within the Pro interface. To get started:
When sending USDC from Coinbase to another address or exchange, please make sure the recipient supports USDC. If you send to an external (non-Coinbase) address or wallet that does not support USDC, you will need to directly contact their support team for assistance.
Do not send USDC to any Coinbase wallet addresses other than your USDC wallet. Coinbase will not be able to recover tokens sent to the wrong address.