Binance lists USD Coin (USDC)
Crypto

Binance lists USD Coin (USDC)

By Marco Cavicchioli - 15 Nov 2018

Chevron down

Binance has announced that it will list USD Coin (USDC), the stable coin pegged to the US dollar issued by Circle and Coinbase.

Binance will open trading for the USDC/BNB (Binance Coin) and USDC/BTC (Bitcoin) trading pairs on November 17th. However, it is already possible to deposit USDC on the integrated wallet within the platform to prepare for trading.

The exchange’s announcement also specifies that the USDC exchange rate is at par with that of the US dollar (USD), so 1 USDC should be worth 1 USD, but users are advised to be cautious if the price deviates from this ratio.

USDC has commissioned an audit firm to issue monthly attestations that the USDC balances correspond to the USD held by the issuing firm.

Binance, in the section of the website dedicated to information, has also published a specific page dedicated to this new stable coin, on which you can see the real trend of the market exchange rate with the US dollar thanks to a graph updated in real time.

USDC has been launched a few months ago, but it is already spreading in the crypto sector, so much so that the circulating supply to date is already over 140 million dollars on over 50 exchanges, platforms, applications or wallets.

You can also convert US dollars to USDC, or redeem the same USDC in US dollars, via Circle or Coinbase.

 

Marco Cavicchioli
Marco Cavicchioli

Class 1975, Marco teaches web-technologies and is an online writer specializing in cryptocurrencies. He founded ilBitcoin.news, and his YouTube channel has more than 11 thousand subscribers.

We use cookies to make sure you can have the best experience on our site. If you continue to use this site we will assume that you are happy with it.