Coinbase has announced a strategic partnership with crypto payments infrastructure provider Mercuryo to lower costs for purchasing USDC in MetaMask.
The Relevance of Stablecoins
Stablecoins, which are digital assets pegged to real money, are gaining popularity in global markets. With the passage of the GENIUS Act in the USA, new regulations for digital assets provide banks and financial firms the opportunity to utilize these tokens more.
Coinbase and Mercuryo Partnership
The partnership with Mercuryo is aimed at cutting the costs of purchasing USD Coin (USDC) by about 50%, making it more accessible for MetaMask users. This collaboration expands opportunities for users looking to access stable crypto assets.
USDC's Role in Cryptocurrencies
USDC, which is tied 1:1 to the US dollar, is the second-largest stablecoin by market value. According to Circle's Q2 financial report, the volume of USDC in circulation has increased by 90% year-over-year, reaching $61.3 billion.
The partnership between Coinbase and Mercuryo further strengthens USDC's position in the world of crypto payments, providing easier entry for users into the ecosystem of digital assets.
