Coinbase Starts Trending on App Store – Mainstream Interest Growing

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Following the surge in price over the past few weeks, interest in crypto and Bitcoin has undoubtedly risen. If you want to see some proof of this then look no further than the iOS App Store, which shows users what’s trending when they go on to the search tab of the app.

The reason we’re mentioning this is because today saw Coinbase on trending for apps downloaded which is a great sign for future adoption.

Now granted, these things have a tendency to change all the time but the fact that Coinbase was on trending alongside HBO, YouTube and Fortnite speaks wonders for adoption.

The Rise of Crypto

The rise in the price of cryptocurrencies has been often accompanied by an increase of general interest by big institutional investors. At the end of 2017, we saw a lot more people enter the market who probably never had even heard of cryptocurrency and get involved with the space.

The market has had an exciting few weeks too with a lot of cryptocurrencies surging in value. Especially Bitcoin which has made enough gains to breach the $8k key resistance level.

Coinbase & Tether

In other Coinbase related news, we recently saw the exchange jump on the stablecoin bandwagon following the significant amount of controversy attacking Tether over the last month.

So basically, it looks like Coinbase doesn’t just want to replace Tether but it wants to take it out too.

This is a very bold move from the exchange and to be honest, the timing couldn’t be worse for Tether.

It’s like kicking a man when he’s down, as the new USD Coin is planned to be expanded in 85 countries

Coinbase is already a huge name in the industry, it is one that is well-funded and a well-respected brand throughout the space, so this is going to be a big hit for Tether.

The exchange noted:

“Unlike other cryptocurrencies, each USDC is backed by $1 USD with monthly transparency audits showing 100% USD backing. There are more than 300 million USD Coins in circulation today, supported by +100 ecosystem supporters. For these reasons, we see USDC as an important step towards a more open financial system.”

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