Dibbs Marketplace to Start Accepting Transactions in USD Coin

Dibbs, a blockchain-enabled marketplace backed by Amazon, announced on Wednesday the official integration with Circle, the issuer of USD Coin (USDC), to start accepting the stablecoin for buying and selling collectibles.

According to the press release, it will support popular blockchains like Avalanche, Flow and Solana by leveraging Circle’s payment solutions to enable payments in USDC when buying and selling NFT collectibles. Dibbs allows collectors to buy and sell fractions of physical collectibles in real time, ranging from sports and gaming trading cards to comic books.

On Dibbs, collectors can quickly access and own highly sought-after physical collectibles that have been authenticated, insured, vaulted, tokenized and minted into the digital ecosystem by Dibbs. Additionally, collectors benefit from a truly flexible marketplace: instant buying, selling and liquidity, as well as stable pricing and transparent fees.

“Since day one, we’ve aimed to make the most sought-after and valuable collectibles in the world more accessible for everyone. We are excited to build upon that by incorporating USDC. By accepting cryptocurrency as payment for the first time, we’re able to offer our collectors even more flexibility and convenience. With Circle, Dibbs collectors benefit from technology that seamlessly connects the traditional financial system with many of the world’s leading blockchains. This is another step forward in creating a platform that delivers more options than ever for collectors across the world to fund, grow and monetize their collections,” Evan Vandenberg, Dibbs Founder and CEO, commented.

Businesses of all sizes can use Circle’s payments and financial infrastructure. As of June 2022, USDC is one of the world’s fastest-growing digital assets and has supported more than $1.9 trillion in on-chain transactions.

Circle became the latest firm in the financial ecosystem to raise significant funds for its expansion in April. The company raised $400 million in a funding round.