Coinbase asserts that international cryptocurrency adoption is conservative

US-based crypto exchange Coinbase says USD Coin acceptance outside the US is slow

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According to Cointelegraph, the exchange said in a 2022 statement that more USDC is purchased with dollars than other currencies

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Cointelegraph says the dollar-pegged cryptocurrency is the second-largest stablecoin after Tether

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The exchange wants to establish more on-ramps for users to access USDC and will waive costs for customers who purchase or sell USDC with fiat cash

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Coinbase and Circle teamed to create USDC in 2018, Cointelegraph reported

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Stablecoins like USDC are a cheaper and faster alternative to standard remittance processes

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A Chainalysis report says that the use of stablecoins for remittances can help Latin America adopt cryptocurrencies

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