Etoro has added USD coins, a Fiat-backed Stablecoin. The USDC is created by Circle and Coinbase through the Center Consortium. Each token is designed to maintain a 1:1 peg in USD and has a reservation held by the issuer.
This addition follows Etoro’s Nasdaq listing and other initiatives in the crypto space.
USDC works on multiple blockchains, including Ethereum. It allows fast, low-cost transfers without limits on bank time or international fees.
Etoro users can now buy and sell USDCs on the platform. Also convert USDC to Fiat and, if available, pull it out into an Etro Money Crypto Wallet.
The analysis highlights the growing role of retail investors
Etoro has expanded its offering to provide broader access to retail transactions. In January this year, the platform partnered with StockTwits to integrate its community, providing additional tools and insights to investors around the world.
You may find it interesting on FinanceMagnates.com. Etoro will be the first non-nordic broker to provide Nasdaq Nordic stock in real time.
In March, we published an analysis that addresses the perception that individual investors are prone to impulsive trading, noting that retail investors are increasingly active participants in global markets.
