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Binance, the most famous cryptocurrency exchange in the world, has announced that it will list the list USD currency (USDC), a stablecoin from the dollar created by Coinbase is Circle, The owner of Poloniex, through the CENTER Consortium.
Binance is listing USDC, the stablecoin co-created by @circlepay and Coinbase away @centre_io. We co-founded the CENTER consortium with the goal of setting a standard for fiat on the Internet and we are thrilled to see adoption grow worldwide. https://t.co/iNvQdvML3H
– Coinbase (@coinbase) November 15, 2018
According to adBinance has already opened USC deposits and trades for USDC / BTC and USDC / BNB pairs will begin on Friday, November 16th at 10:00 AM EST.
The USDC was built using the ERC-20 standard and operates under the regulated framework of US money transmission laws and is "strengthened by established banking partners and auditors," according to Circle. USDC has seen tens of billions of dollars in trade volume since its launch in September and the distribution offer is now $ 148 million with more than 50 trades to support trading.
With this new listing, Binance now supports three different stablecoin from the dollar, including Tether (USDT) and Paxos Standard Token (PAX).
Other: Binance announces that USD Coin (USDC) will be listed
Similar: Coinbase adds support for Circle's USDC salary
Disclaimer: the author of this article has participations in cryptocurrency that may be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct due diligence before making investments.
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