Summary
Today, Coinme is launching the ability to send and receive USDC on the Stellar network in the Coinme wallet. Stellar USDC provides users with a fast, cheap, and easy-to-use alternative to other USDC enabled blockchains. This feature is currently accessible via the Coinme wallet in your web browser, and is coming soon to the Coinme mobile apps.
Over the last few years, stablecoins have been growing at an exponential rate. Their utility continues to expand, as we find new use cases for storing and sending value across the world. With such utility, USDC has quickly become an important offering at Coinme. Cash access to stablecoins allows anyone to participate in the new digital economy, and enables individuals to take advantage of these exciting new innovations.
With the addition of Stellar USDC, Coinme users will benefit from being able to send and receive USDC on one of the most efficient blockchains. Quite simply, Stellar makes USDC faster, cheaper, and easier to use than most other blockchain technologies. Coinme and the Stellar Development Foundation have teamed up to bring tangible utility to crypto by solving some of the world’s most challenging problems around financial access and inclusion.
What is Stellar?
Stellar is an open network for storing and moving value. Stellar was designed as a blockchain from the ground up to accommodate not just one asset, but all kinds of digital assets, enabling the digitization of traditional assets and currencies. It’s this multi-faceted approach to currency (and cryptocurrency) that makes it a unique destination for global payments. Stellar has been around since 2014 and is used by large enterprise companies and small fintech startups alike.
Why Stellar USDC?
To put it simply, the Stellar blockchain was built for USDC. Stellar was designed from the start to be a network made for payments of all kinds, from cryptocurrency tokens to fiat-based stablecoins, so it’s no surprise that the Stellar Network has become a major hub for USDC activity. Gone are the days of sending USDC with steep blockchain fees or enormous amounts of gas, welcome are the days of sending USDC for mere pennies.
The addition of Stellar USDC in the Coinme wallet brings real-world use cases to all parties involved. Now more than ever, people can turn cash into its digital equivalent and send it across the world with ease. With every passing day in crypto, new opportunities begin to take shape for cross-border payments, peer-to-peer transactions, and instant cash exchange.
Making Cash Digital, Literally
Did you know that over 95% of the US Dollar is already digital? With Stellar you can put USDC on one of the fastest and cheapest blockchains, all from within the Coinme wallet with physical cash. Coinme’s position as a cash on-and-off ramp for USDC is unique throughout the crypto and blockchain space. This transformation from physical cash to digital USDC is significant in two ways, it 1) provides USDC access for millions of unbanked or underbanked individuals and 2) allows those individuals to take part in the rapidly growing decentralized economy and Web3 ecosystem.
Try Stellar USDC, it’s…Stellar
Curious to try it out for yourself? Learn more about how to get started with this tutorial, or create a free Coinme account and find a USDC enabled location near you today!
