As Tether (USDT) continues to have issues Coinbase has announced they are going to support the Circle created USDC. USD Coin is built on the Ethereum ERC-20 standard so you can receive and send on the Ethereum blockchain. Stablecoins are important in the crypto market since they allow users to trade to a stable currency while the market fluctuates since a lot of markets don’t offer USD pairings.
Major exchanges in addition to Coinbase are supporting USDC like Poloniex and KuCoin. We should see USDC making its way to Coinbase Pro soon as well so you can trade using the new Stablecoin.
How to Cash Out USDC to a Bank
What I love about USDC is that it’s very simple to cash out to your bank. All you need to do is sign up on Circle’s website and attach your debit or bank account. After doing this you can simple send USDC to your Circle account and cash out to your bank.