Crypto exchange Binance adds support for Circle’s USDC

Home » News » Crypto exchange Binance adds support for Circle’s USDC
November 15, 2018 by
Crypto exchange Binance adds support for Circle’s USDC

Top cryptocurrency exchange Binance on Thursday introduced that it will list USDC on its platform. USDC is a stablecoin fixed to the U.S. buck that facilitates immediate loan transfer.
The stablecoin, which was introduced by Goldman Sachs-backed Circle, was released in September. “For increased openness, USDC has actually involved a top-ranking auditing firm to launch regular monthly equilibrium attestations of the matching USDC and USD balances held/issued,” Binance said in the article.

Binance likewise pointed out that it will certainly begin trading for USDC/BNB as well as USDC/BTC sets from November 17. Currently, USDC is just being coupled with Binance Coin [BNB] and also Bitcoin [BTC] The exchange stated customers can prepare for the listing by depositing USDC in their wallets quickly.

“USDC is a stablecoin created to be secured one-to-one with USD (1 USDC = $1 USD). Please be cautious if/when the cost drifts from this proportion,” the system claimed.

Prior to Binance’s listing, U.S.-based cryptocurrency exchange Coinbase had included USDC to its system. “This is the very first time Coinbase has actually supported a stablecoin,” the exchange claimed in its main blog.

Crypto exchanges OKEx and also Huobi have actually likewise expressed their intention of providing 4 USD stablecoins at one go.
Sharing Binance’s choice for stablecoins, Chief Executive Officer Changpeng Zhao tweeted, “Controlled stable coins serve as a happy medium where regulatory authorities keep control, yet the token likewise uses even more freedom than typical fiat for customers. Hope more will certainly copy/follow/improve, as well as for various other fiat currencies as well.”

Binance likewise discussed that it will begin trading for USDC/BNB and also USDC/BTC pairs from November 17. The exchange claimed users can prepare for the listing by depositing USDC in their pocketbooks instantly.

“USDC is a stablecoin made to be pegged one-to-one with USD (1 USDC = $1 USD).

© Copyright 2018. crypto losophy. Designed by Space-Themes.com.
Skip to toolbar