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.

Related Articles

Ronaldo slapped with class-action lawsuit over Binance promo

Christiano Ronaldo is facing a class action lawsuit over his NFT collection promotion in partnership with Binance.

Binance proceedings spark regulatory debate

Following the Department of Justice's case against Binance and former CEO Changpeng "CZ" Zhao, Columbia professor speaks out.

CZ is a substantial flight risk according to the DOJ

In court filings, prosecutors from the Department of Justice have sought to overrule judge's decision to allow CZ to return to the UAE.

BlackRock meets with SEC regarding spot BTC ETF

BlackRock and Nasdaq representatives met with the SEC to discuss allowing a spot Bitcoin exchange-traded fund (ETF).

See All