eToro adds $USDC to lineup of assets
Online broker eToro has added the $USDC stablecoin to its list of investment instruments.
$USDC is a fiat-backed stablecoin, created by Circle and Coinbase through the Centre Consortium. Each token is intended to be backed 1:1 with the U.S. dollar, with reserves held by the issuer. Often called a “digital dollar,” USDC combines blockchain speed and security with global reach.
Available across multiple blockchains, including Ethereum, it allows for fast, low-cost transfers – without being limited by banking hours or international fees.
With this launch, eToro clients will be able to:
- Buy and Sell USDC on eToro;
- Convert USDC to fiat (C2F);
- Withdraw USDC to the eToro Money Crypto Wallet (coming soon, if eToro Money Crypto Wallet is available in your country).
$USDC is currently unavailable for eToro clients in the UAE, Germany, and Australia.
