Coinbase asserts that international cryptocurrency adoption is conservative

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

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

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

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

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

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

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