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Binance, the current leading cryptocurrency trading exchange has announced that USD Coin – the stable token backed by Circle – as a quote asset for new trading pairs on its trading platform.
#Binance Will Add $USDC Quote Pairs into the USDⓈ Trading Market/Tabhttps://t.co/DzSwXivoRb pic.twitter.com/z1PwyhyPIT
— Binance (@binance) December 14, 2018
In an official publication, Binance stated that the trading pairs will be:
“BNB/USDC, BTC/USDC, ETH/USDC, XRP/USDC, EOS/USDC and XLM/USDC.”
Earlier this year, the trade exchange changed its Tether Market as the combined USDⓈ market in order to offer more opportunity for stablecoins as a base pair for trading.
Furthermore, Binance is to unlist the USDC/BNB and USDC/BTC trading pairs and replace them, although the trading pairs were only just launched in November.
According to the announcement, the exchange will replace and delist its former USDC/BNB and USDC/BTC trading pairs, which had just been launched mid-November.