Binance adds Circle-backed USD Coin as quote asset

binance

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.

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.

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