Coinbase Resumes Exchange of USDC and USD
On March 13, it was reported that Coinbase has resumed the exchange of USDC and USD, which can be conducted normally through API and transaction platform UI.
Coinbase has resumed the exchange of USDC and USD
Analysis based on this information:
Coinbase, one of the leading digital currency exchange platforms, has resumed the exchange of USDC and USD on March 13, 2021. Customers can now conduct their transactions normally through the Application Programming Interface (API) and transaction platform user interface (UI). This resumption follows a brief halt of the transactions due to technical difficulties; however, Coinbase has assured customers that the issue has been resolved.
USDC is the digital currency token used on the Coinbase platform, and its value is pegged to the US dollar. This means that customers can buy USDC and use it to trade other digital currencies. On the other hand, the USD is a fiat currency, and Coinbase only supports USD deposits and withdrawals for verified US customers who have linked their bank account.
Coinbase’s resumption of the exchange of USDC and USD is a welcome development for many customers who rely on the platform for their digital currency transactions. The halt of transactions had caused disruptions in the trading activities of many customers who had to look for alternative platforms to carry out their transactions.
The resumption of transactions comes at a time when there is increased volatility in the digital currency market, with Bitcoin, the leading cryptocurrency, hitting an all-time high of over $61,000 recently. As such, the demand for digital currency exchanges has continued to rise, and Coinbase has been at the forefront of providing reliable and secure transaction services to its customers.
The resumption of transactions through the API and transaction platform UI indicates the efforts that Coinbase has put in to resolve the technical difficulties that caused the halt of transactions. Coinbase has shown that it is committed to providing its customers with a seamless transaction experience and that it is continuously improving its infrastructure to meet the growing demands of its customers.
In conclusion, the resumption of the exchange of USDC and USD on Coinbase is an indication of the reliability and resilience of the platform. With the resumption of trading, many customers can now conduct their transactions normally without disruptions. Coinbase has demonstrated its commitment to providing reliable, secure and seamless digital currency exchange services to its customers.
This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/7549/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
Regulation and Licensing – Key to the Future Success of Encryption and Web3 Industries
On April 12th, OKX President Hong believed that regulation and licensing are key to the future success of the encryption and Web3 industries. Moderate regulation and government sup
-
What is HT on Huobi?
What is HT on Huobi? Huobi is issued and operated by Bitfinex. Huobi is a globa
-
Web3 Entertainment Technology Provider Sortium Joins Blockchain Xcelerator Program at UC Berkeley
According to reports, Web3 entertainment technology provider Sortium has announced that it has been accepted by the Blockchain Xcelerator Program at the University of California, B
-
When was YFI coin issued (how many YFII coins are issued in total)
When was YFI coin issued, according to official information, when was YFI coin i
-
Another organization has filed a complaint against OpenAI, requesting FTC to investigate and suspend its ChatGPT deployment
According to a report from The Verge, a US technology media, on Thursday local time, the non-profit organization Artificial Intelligence and Digital Policy Center (CAIDP) filed a c
-
BTC Market Goes Beyond $30,500: Risk vs Reward
According to reports, the market shows that BTC has exceeded $30500 and is currently trading at $30503.1, with a daily increase of 0.66%. The market is highly volatile, so please d
-
What does it mean for the off-market price of USDT to be low (low-price off-market trading of USDT)?{
}What does it mean for the off-market price of USDT to be low? According to Bitc
-
Ava Labs Partners with SK Planet to Launch Avalanche Subnet UPTN in South Korea
According to reports, Ava Labs has announced the establishment of a partnership with SK Planet, the data management and marketing platform department of SK Square, a South Korean c
-
Rubic integrates with Cosmos in a major step forward for DeFi
According to reports, Rubic, a multi chain DeFi platform, has recently completed integration with Cosmos.
Multi chain DeFi platform Rubic has recently integrated Cosmos
In the worl -
Upbit Returns $1.96 Million to 72 Victims of Phishing Fraud
On March 3, Dunamu, the parent company of Upbit, announced that in 2022, Upbit returned about 2.558 billion won (about 1.96 million US dollars) to 72 victims o…
-
ETH 2.0 Pledges Reach Over 17.9 Million: What Does It Mean for the Cryptocurrency Market?
It is reported that the total number of pledges of ETH 2.0 has exceeded 17.9728 million, which is 17972761. According to the current market price, the value is about 35.029 billion
-
Understanding Metropolitan Bank Holding Company’s Decision to Withdraw from Cryptocurrency
According to reports, according to a document submitted by Metropolitan Bank Holding Company (MCB) to the Securities and Exchange Commission (SEC), its total core deposits (excludi
-
Coinbase and Justin Sun are both accused by the US SEC today, hoping to seek more transparent regulatory guidelines
On March 23, Sun Yuchen, a member of the Huobi Global Advisory Committee, responded to the lawsuit filed by the United States Securities and Exchange Commission (hereinafter referr
-
OpenAI’s ChatGPT: Innovating Conversations with Plug-ins
On March 24th, OpenAI announced that it was adding support for plug-ins for ChatGPT, a tool designed specifically for a language model with security as its core principle, which ca
-
Twitter Scammers Steal $136,500 Worth of Cryptocurrency
According to reports, Zach XBT, a chain security analyst, tweeted that the Twitter accounts @ CyrusPunk9623 and @ Stevedoes100x had Rug of more than $136500 (8…
-
MetaMask Introduces Updated Versions for Optimal User Experience
It is reported that MetaMask has released updated versions of wallets on the mobile end and plug-in end. MetaMask mobile end has optimized the loading time, browser navigation and account connection; MetaMask plug-in side limits data disclosure through more privacy settings, which enhances the onboarding experience. MetaMask releases updated versions of mobile and plug-in wallets Analysis based on this information:MetaMask, a popular Ethereum-based browser wallet, has released updated versions of its wallets on mobile and plug-in interfaces. The updates aim to enhance user experience by providing better performance and additional privacy features. The MetaMask mobile end has optimized loading times, browsing, and account connection. This means that users can now quickly access their accounts, navigate between different pages, and connect their wallets to various web services with minimal delay. With the optimization of the mobile end, users can trade and store their cryptocurrencies efficiently, making transactions faster. On the other hand, the MetaMask plug-in end has limited data disclosure through…