GUSD & USDC Stablecoins Are Now Available on CoinLoan

Learn how to benefit from them!

CoinLoan
CoinLoan
Dec 10, 2018 · 3 min read

What is a Stablecoin?

As the name suggests, fiat-backed stablecoins are backed by fiat currencies to stay stable and trade at a fixed (almost😉) value relative to U.S. dollar for example. Pegged 1:1 to the USD, GUSD and USDC allow bridging the conventional banking system and the new digital one.

Why you need Stablecoins on CoinLoan

As a payment option on the CoinLoan Platform, stablecoins create some new opportunities and use cases. They can be used for cross-border and cross-platform funds transfers. For instance, when it comes to crypto arbitration between exchanges or an instant funds withdrawal.

What is GUSD about?

The Gemini dollar (GUSD) is the world’s first regulated stablecoin. It combines the creditworthiness and price stability of the U.S. dollar with blockchain technology and the oversight of U.S. regulators.

The full list of exchanges trading GUSD

What is USDC about?

USD Coin from Circle (USDC) is a fully backed US dollar stablecoin, Coindesk says according to last month auditor’s attestation. USDC uses the ERC-20 standard, which provides detailed financial and operational transparency, operates within the regulated framework of US money transmission laws, and is reinforced by established banking partners and auditors.

The full list of exchanges trading USDC

How to use GUSD & USDC on the CoinLoan Platform?

For your convenience, we have created a new separate section for stablecoins in My Wallet tab.


CoinLoan

CoinLoan is a P2P lending platform for cryptoassets backed loans.

CoinLoan

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CoinLoan

CoinLoan is a P2P lending platform for cryptoassets backed loans. [coinloan.io]

CoinLoan

CoinLoan

CoinLoan is a P2P lending platform for cryptoassets backed loans.