Binance, the world’s most popular cryptocurrency exchange, has announced that it will list USD Coin (USDC), a dollar-pegged stablecoin created by Coinbase and Circle, the owner of Poloniex, via the CENTRE Consortium.
Binance is listing USDC–the stablecoin co-created by @circlepay and Coinbase via @centre_io. We co-founded the CENTRE Consortium with the goal of establishing a standard for fiat on the internet, and we’re thrilled to see adoption growing around the world. https://t.co/iNvQdvML3H
— Coinbase (@coinbase) November 15, 2018
According to the announcement, Binance has already opened deposits for USDC and trading for USDC/BTC and USDC/BNB pairs will begin on Friday, November 16 at 10:00 PM EST.
USDC was built using the ERC-20 standard and operates within the regulated framework of U.S. money transmission laws, and is “reinforced by established banking partners and auditors,” according to Circle. Since launching in September, USDC has seen tens of billions of dollars in trading volume and the circulation supply is now $148 million with more than 50 exchanges supporting trading.
With this new listing, Binance now supports three different dollar-pegged stablecoins, including Tether (USDT) and Paxos Standard Token (PAX).
More: Binance announces it will list USD Coin (USDC)
Similar: Coinbase Adds Support for Circle’s USDC Stablecoin
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.