Binance lists USDC as quote currency for some of its most actively traded assets

Binance, one of the largest cryptocurrency exchanges globally, has introduced USD Coin (USDC) as a quote currency for several of its most actively traded assets, alongside listing a USDC/USDT trading pair, marking a significant development for the stablecoin introduced just a few months prior. This move, effective from 10 pm EST on a Friday, includes trading pairs such as BTC/USDC, ETH/USDC, and others, reflecting the growing adoption of USDC across more than 70 exchanges, protocols, platforms, and wallets. At the time of the announcement, USDC has become a top 30 crypto asset with a market cap exceeding $200 million. The stablecoin initiative is supported by the CENTRE Consortium, a collaboration between Circle and Coinbase, aimed at establishing a standard for fiat on the internet and promoting global adoption of asset-backed stablecoins. Additionally, the Circle USDC service now facilitates bank transfers in over 75 countries, offering a transparent method for tokenizing fiat currency and redeeming USDC for US Dollars.