Coinbase Lists Ethereum-Based Stablecoin 4 Months After Launch – U.Today

Uncover insights within the Crypto area. This article dives into: “Coinbase Lists Ethereum-Based Stablecoin 4 Months After Launch – U.Today”.

As the U.S.’s largest cryptocurrency alternate, Coinbase continues to develop its crypto choices to raised serve its customers. On August 21, the alternate introduced the official itemizing of the World Liberty Financial USD (USD1).

Built on the Ethereum blockchain, USD-1 is a U.S. greenback-pegged stablecoin created by World Liberty Financial. Its itemizing on Coinbase marks a significant improvement for crypto customers within the U.S., permitting them entry to purchase, promote, convert, ship, obtain, and retailer the stablecoin on the platform.

4-month outdated USD-1 now on Coinbase

While the transfer additional fortifies the stablecoin’s compliance with U.S. regulatory requirements, the itemizing of USD-1 on Coinbase is coming simply 4 months after its mainnet launch in April 2025.

Although it solely entered the crypto area a couple of months in the past, USD-1 has gained vital traction over the months resulting from its shut affiliation with the U.S. greenback. Notably, it has amassed a large $2.3 billion in market capitalization as of writing.

Although buying and selling for USD1 was rolled out in phases, beginning with the USD1-USD pair, it has now been totally listed on the main alternate as ample liquidity has been established for the asset.

While the transfer seems to have been lengthy anticipated by the customers of the platform, Coinbase has warned that customers ought to solely switch USD1 by means of the Ethereum community to keep away from losses.

According to the announcement issued by Coinbase, it has showcased 0x8d0D000Ee44948FC98c9B98A4FA4921476f08B0d because the official contract handle of USD-1, noting that transfers over different networks trigger irrecoverable losses. It additionally warned that help for USD-1 through its buying and selling platform could also be restricted in sure jurisdictions resulting from regulatory restrictions.

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While the foremost transfer propels Coinbase for extra consumer engagements, providing customers entry to an unique buying and selling expertise, the transfer additionally propels USD-1 for extra adoption, increasing entry to the token, particularly amongst U.S. customers.

Prior to this transfer, current listings by Coinbase recommend that the alternate has decided to go onerous on its stablecoin companies. Just final week, Coinbase disclosed a number of listings, amongst which included the itemizing of the main stablecoin, USDC, on the Base community.

Following the most recent improvement, USD-1 is now accessible for customers to commerce on Coinbase through the Coinbase iOS and Android apps and its official web site.

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