What is USD Coin (USDC)?

USD Coin (USDC) is a stablecoin redeemable on a 1:1 basis for US dollars, backed by dollar denominated assets held in segregated accounts with US regulated financial institutions. The launch of USDC was powered by a collaboration between Coinbase and Circle through the co-founding of the CENTRE Consortium. Coinbase customers with US dollar accounts may exchange 1 USDC for US$1.00 (and vice versa) on Coinbase in jurisdictions where USDC support is available. 

Note: Coinbase only supports USDC running on Ethereum (ERC-20).

How is it used? 

  • USDC follows the ERC20 standard and can thus be used with any app that accepts tokens based on that standard
  • This means a stable digital dollar can now be used to buy any digital item in the crypto ecosystem
  • Programmable dollar that can be utilized by developers and fintech businesses

What products support USDC?

  Send/Receive Trading
Coinbase            ✔       ✔
Pro           ✔       ✔
Wallet           ✔      ✖️

What regions support USDC?

  US NY CAN MX EU UK DE  SG  JP
Coinbase    ✔  ✔   ✔  ✔*  ✔  ✔  ✔  ✖️ ✖️
Pro    ✔  ✔   ✔  ✔*   ✔  ✔  ✔  ✖️ ✖️
Wallet  ✔  ✔   ✔  ✔  ✔  ✔  ✔  ✔ ✖️

Residents in the following countries can log in to buy, convert, send, receive or store USDC on Coinbase, but cannot sell or "cash out" their USDC – Australia, Benin, Bolivia, Brazil, Burkina Faso, Cameroon, Chile, Colombia, Costa Rica, Ecuador, El Salvador, Ghana, Hong Kong, India, Indonesia, Jordan, Kenya, Mexico, Nepal, Peru, and Philippines. 

Crypto to fiat trading pairs

  US UK EU
USD  ✔ ✖️ ✖️
GBP ✖️  ✔
✖️
EUR ✖️  ✔
 ✔

Note: Coinbase Wallet does not support direct bank transactions. You’ll need to transfer your crypto to Coinbase.com or send it to an external address in order to cash out.

Crypto to crypto trading pairs

  USDC BTC ETH UDST
USDC     ✖️   ✖️   ✖️   ✖️ 

Coinbase supports crypto-to-crypto exchanges of USDC in the following countries:

Angola
Albania
Australia
Bangladesh
Bolivia
Bosnia and Herzegovina
Burkina Faso
Cambodia
Cameroon
Chad
Chile
Cote d'Ivoire
Czechia
Ethiopia
Guinea
India
Kenya
Lebanon
Madagascar
Malawi
Mali
Mozambique
Niger
Nigeria
Pakistan
Peru
Philippines
Senegal
South Africa
Sri Lanka
Turkey
Venezuela
Zambia

See the full list of countries that Coinbase supports for crypto-to-crypto trading.

Note: Only assets hosted on the Ethereum blockchain can be converted through the Coinbase Wallet mobile app at this time. Learn more about trading on Coinbase Wallet.

Coinbase supports fiat-to-crypto exchanges of USDC in the following countries:

Andorra
Australia
Austria
Benin
Bolivia
Belgium
Brazil
Bulgaria
Burkina Faso
Cameroon
Chile
Colombia
Costa Rica
Croatia
Cyprus
Ecuador
El Salvador
Estonia
Finland
France
Germany
Ghana
Greece
Hong Kong
Hungary
Iceland
India
Indonesia
Ireland
Isle of Man
Italy
Jersey
Jordan
Kenya
Latvia
Liechtenstein
Lithuania
Luxembourg
Malta
Mexico
Monaco
Nepal
Netherlands
Norway
Peru
Philippines
Poland
Portugal
United Kingdom
United States

How many confirmations are needed for USDC?

USDC requires 35 network confirmations. Learn about transaction confirmations.

Which blockchain network hosts USDC?

USDC is hosted on Ethereum.

What are the minimum and maximum withdrawal amounts?

Coinbase has implemented safeguards to ensure a healthy and efficient network both on-chain and through our platform.

These safeguards include both minimum and maximum amounts for each cryptocurrency we allow customers to send through the blockchain.

Minimum: 0.001 USDC

Maximum: 15,000,000 USDC