Binance Will Support USDC Trading Starting November 17

2018-11-15 21:11


Binance — one of the most popular digital currency exchanges across the globe — has announced that it will be adding the fiat-collateralized stablecoin USD Coin (USDC) to its trading platform on November 17, 2018. USDC will be grouped into trading pairs with bitcoin and Binance’s own token, BNB.

The company made the announcement on its official blog, making particular note of the auditing process USDC undergoes to prove that each coin is backed 1:1 with the USD.

“For increased transparency, USDC has engaged a top-ranking auditing firm to release monthly balance attestations of the corresponding USDC and USD balances held/issued,” the post reads.

With this support, USDC will become the third stablecoin to see a listing from Binance, the first two being Tether (USDT) and TrueUSD (TUSD), respectively.

Buzz surrounding stablecoins has grown exponentially this year. Typically tied to fiat currencies such as USD or the euro, stable currencies are designed to lessen the effects of volatility often witnessed in standard crypto assets like bitcoin and ether.

Binance is the world’s largest digital currency exchange, boasting a daily trading volume of roughly $500 million. That’s about $460 million more than Coinbase, which was among the first cryptocurrency trading platforms to show support for USD Coin last month. The coin is a product of Coinbase’s and Circle Internet Ltd.’s joint efforts, and it was developed as a part of the Centre blockchain framework.  

Prior, USDC began trading on the Circle-owned Poloniex exchange in September of 2018.  

In a recent interview with TheStreet, CEO and founder of Binance Changpeng Zhao discussed his company’s success and said he’s aiming to be much more than just an exchange.

“We are building an ecosystem,” he comments. “We want to be the infrastructure services provider for the blockchain space, so we have several different initiatives. Most of them are still quite small, including the exchange. I think if you compare us to traditional [market] exchanges, we are still quite small … but right now, our ecosystem is made up of the exchange, a wallet, labs, charity, info, an academy and more. We hope some of them will become the infrastructure for the industry.”


This article originally appeared on Bitcoin Magazine.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Binance Coin (BNB) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $562.5
Капитализация $0 Rank 99999
Цена в час новости $ 8.1103 (-100%)

usdc trading binance exchange usd coin bitcoin

usdc trading → Результатов: 33


Фото:

Centralized Exchanges Recorded Over 40% Increase In Trading Volume For Tether and USDC In Q3

Top stablecoins, Tether (USDT), and USD Coin (USDC) have recorded significant increases in trading volume on centralized exchanges, a Q3 report by the Crypto Rank Platform revealed. Data from the report designates that USDT trading volume on centralized exchanges increased by 43% from $440B to $628B while that of USDC increased by 46% from $6.76B […]

2020-10-22 20:01


Фото:

Crypto Platform Coinbase Secures $300 Million in Series E Funding Round

Popular cryptocurrency exchange Coinbase has raised a fresh $300 million in a Series E financing round, bringing the company valuation to $8 billion. Coinbase plans to use the funding to "accelerate the adoption of cryptocurrencies," as it plans to remain the "entry-point into crypto" for millions of investors, according to a published blog post.

2018-10-31 20:51


Фото:

Huobi Joins OKEx in Adding Four New Stablecoins

Huobi Global has announced its decision to list four USD-pegged stablecoins by the end of the week. In a support notice published on its platform, the company noted that users will be able to make deposits for Paxos Standard Token (PAX), True USD (TUSD), Circle’s (USDC), and Gemini exchange’s (GUSD) on its exchange starting from Friday, October 19, 2018 (GMT +8).

2018-10-17 21:15


Криптобиржа OKEx провела листинг четырех стейблкоинов

Криптовалютная биржа OKEx добавила поддержку четырех стейблкоинов: TrueUSD (TUSD), Gemini Dollar (GUSD), USD Coin (USDC) и Paxos Standard Token (PAX). We're excited to announce the 4 new listings of OKEx.

2018-10-16 23:02


Биржа OKEx добавила поддержку четырех стейблкоинов

Третья по объемам торгов биткоин-биржа OKEx сообщила в понедельник, 15 октября, о начале поддержке сразу четырех стейблкоинов: TrueUSD (TUSD), USD Coin (USDC), Gemini Dollar (GUSD) и Paxos Standard Token (PAX).

2018-10-15 13:47