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.

No tracked trend matches for this post yet.

Use this post, company, and trend context to find content marketing opportunities, perform competitive analysis, or address product feature gaps via the Plushcap MCP server or the Plushcap API.