eToro has added USD Coin, a fiat-backed stablecoin. USDC is
created by Circle and Coinbase through the Centre Consortium. Each token is
designed to maintain a 1:1 peg with the U.S. dollar, with reserves held by the
issuer.
This addition follows eToro’s Nasdaq listing and its other initiatives
in the crypto space.
USDC for Fast, Low-Cost Transfers Across Blockchains
USDC operates across multiple blockchains, including
Ethereum. It allows fast and low-cost transfers without the limitations of
banking hours or international fees.
eToro users can now buy and sell USDC on the platform. They
can also convert USDC to fiat and, where available, withdraw it to the eToro
Money Crypto Wallet.
Analysis Highlights Growing Role of Retail Investors
eToro has expanded its offerings to provide broader access
to retail trading. In January this year, the
platform partnered with Stocktwits to integrate its community, offering
additional tools and insights for investors globally.
You may find it interesting at FinanceMagnates.com: eToro
Becomes First Non-Nordic Broker to Offer Nasdaq Nordic Stocks in Real Time.
In March, it released an
analysis addressing the perception that individual investors are prone to
impulsive trading, noting that retail investors are increasingly active
participants in global markets.
This article was written by Tareq Sikder at www.financemagnates.com.
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