Coinbase to Waive Commission Fees on USDC Transactions via Non-USD Fiat Currencies

In order to support the growth and international adoption of USDC, Coinbase will waive commission fees when customers buy or sell USDC via any fiat currency on Coinbase.

Coinbase said that adoption of USDC has been more conservative outside of the US. Currently, 3x more USDC is bought with USD versus non-USD currencies. In part this is because, outside of the US, users usually have to pay fees in the process of converting their local currency into USDC.