Coinbase Launches Direct BRL Trading for USDC on Advanced Platform

Coinbase has expanded its services in Brazil by introducing direct trading for USDC on its Coinbase Advanced platform. Users can now buy and sell $USDC directly against the Brazilian real, eliminating an intermediate step in the process.

This change is expected to reduce BRL-USDC onramping costs by 85%, according to Coinbase's announcement. The company claims that this design will lower friction and costs for users seeking dollar-denominated stablecoin liquidity.

Stablecoins like USDC serve as payment and settlement infrastructure, says Coinbase. While the company's characterization is not independently verified, it highlights the growing importance of stablecoins in the cryptocurrency market.