Binance to List Goldman Backed Stablecoin: USDC, Poloniex Adds more Pairs
Poloniex and Binance have both announced the listing of USDC on their platforms.
The Goldman Sachs backed Circle launched the Stable coin back at the end of September and has gained in popularity among other stable coins like TUSD, Paxos and DAI.
The largest and the most prominent exchange in the world Binance announced its support to USDC on Friday. Initially, USDC is paired only with Bitcoin (BTC) and Binance Token (BNB) but more market pairings are expected to be announced eventually.
Binance is the second major exchange to follow Coinbase to list USDC. Stable coins are important in the Crypto industry as it allows traders to avoid the volatility of the markets by storing their wealth in Fiat backed Cryptocurrencies.
Poloniex on Friday announced the addition of six more pairings with USDC including Ripple, Monero, Zcash, Dogecoin, Litecoin, and Stellar. The exchange first introduced USDC in September with Bitcoin, Ethereum and Tether pairings.
EWS: Poloniex today is introducing the following markets for
#USDC: XRP/USDC, XMR/USDC, STR/USDC, DOGE/USDC, LTC/USDC, and ZEC/USDC. Start trading here: Poloniex.com
Tether was the only Stable coin to dominate the market for a long time, but as the market is maturing many traders are opting out of Tether and moving on to other stable coins due to the uncertainties and risks involved with Tether.
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