Polkadot adds native USDC access via Coinbase

Polkadot has enabled USDC deposits and withdrawals directly from Coinbase.

Polkadot, in an announcement, said the change strengthens its stablecoin infrastructure and makes it easier for users to access the network using USDC on Coinbase.

The crypto platform said there is north of $150 million in issuance of USDC across the Polkadot Network. It added that USDC on Polkadot offers low, predictable transaction fees, fast finality and the ability to pay fees in USDC.

“Lowering friction is critical to unlocking liquidity. USDC deposits and withdrawals on Polkadot through Coinbase reduce onboarding complexity and create stronger, more accessible liquidity rails for the ecosystem," said Nicolas Arevalo, CEO of Polkadot backer Velocity Labs.

"We’re excited to see this live after months of much effort from both Coinbase and the Polkadot ecosystem.”

The Recap

• Polkadot adds Coinbase support for USDC deposits and withdrawals.
• North of $150 million USDC issued on the Polkadot Network.
• Users can now transfer USDC directly between Coinbase and Polkadot.