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?
What regions support USDC?
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
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
Coinbase supports crypto-to-crypto exchanges of USDC in the following countries:
Bosnia and Herzegovina
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:
Isle of Man
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