Binance Has Listed USDC Stablecoin
Binance, one of the biggest cryptocurrency exchanges by daily volume, has listed stablecoin USDC in the move to fight Tether's hegemony.
Users can already deposit stablecoin. But trading USDC with BTC or the Binance token BNB will only be possible starting on November, 17.
According to Binance, USDC has proven transparency lately, and it has no doubts about the coin's USD reserves, which are backing the stablecoin. As crypto company Circle, which is standing behind USDC, has hired the top-ranking auditing firm to verify its USD reserves.
Other major cryptocurrency exchanges have also listed USDC. Among them are Coinbase, OKEX, Huobi, and Kucoin.