Binance, currently the world's third largest cryptocurrency exchange by bitcoin trading volume, is adding support for Circle's recently launched stablecoin, USD Coin, this weekend.
Thursday that it will open trading pairs for the regulated, U.S. dollar-pegged token against its own token Binance coin and bitcoin on Nov. 17, adding that it has already started accepting deposits for USDC in preparation for the start of trading.
Crypto finance firm Circle also confirmed the news with CoinDesk on Thursday.
The support for USDC comes shortly after Wei Zhou, Binance's CFO, told.
CoinDesk in October that the firm is looking to list more stablecoins.
The news means Binance will support four stablecoins, with tether, Paxos Standard and TrueUSD already on the books.
Last month, U.S.-based crypto exchange Coinbase also announced.
It was adding USDC as its first stablecoin offering.
Other exchanges including South Korea-based Korbit and Japan's Liquid have also recently made USDC available for trading on their platforms, according to a blog post.
More than 50 exchanges, protocols, platforms, applications and wallets now support the token, Circle said, adding that its circulating supply is currently at over 148 million.
Binance Exchange Will List Circle's USDC Stablecoin This Week
Published on Nov 15, 2018
by Coindesk | Published on Coinage
Coinage
Mentioned in this article
Recent News
View All
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.