Bitcoin (BTCUSD=X) prices climbed as much as 3% by late-morning in London on Monday following yet more news of potential mainstream financial adoption of cryptocurrencies by major players.
USD Coin is a stablecoin, meaning its value is directly pegged to the US dollar.
First launched in 2018, USD Coin is managed by a consortium called Centre, founded by peer-to-peer payments company Circle and including cryptocurrency exchange Coinbase and Bitcoin miner company Bitmain, which is an investor in Circle.
Watch: What is bitcoin?
Coinmarketcap.com estimates there is around $10bn (£7bn) worth of USDC in