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Coinbase Launches USDC-INR Trading on Its India Platforms

The company said it has rolled out USDC-INR trading, expanding stablecoin access for users on its platforms in India.

USDC

Summary

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Terms & Concepts
  • USDC: A U.S. dollar-pegged stablecoin designed to maintain a fixed value of about $1 per token.
  • Stablecoin: A cryptocurrency built to track a reference asset, often a fiat currency such as the U.S. dollar.
  • INR trading pair: A market pairing that lets users exchange a digital asset against the Indian rupee.