USD Coin will be available on Binance

Binance, one of the largest crypto exchanges, has announced the addition of USDC to its listing. Binance has opened deposits for USDC and is trading for USDC/BTC, and USD/BNB pairs will be available starting November 17th at 10:00 AM EST.

However, it is now possible to deposit USDC into the integrated wallet in preparation for trading.

Binance notes that the USDC exchange rate follows the value of the US dollar (USD) 1:1, so users are advised to be careful if the price deviates from this ratio. To monitor USDC, an auditing firm has been contracted to verify monthly balances between USDC and USDC held by the issuer.

Binance has published a special page dedicated to this new stablecoin, where you can see the real trend of the market exchange rate to the US Dollar, thanks to a chart updated in real time. Sales have been most active on the Poloniex exchange, which is owned by Circle, since February of this year. Since the launch of stablecon in September, USDC has quickly spread throughout the cryptosystem, gaining popularity and being available worldwide on crypto platforms. 

Currently, the circulating supply of USDC is more than 143 million, and you can convert US dollars into USDC through more than 50 crypto platforms, applications and wallets that support USDC, including the bitcoin payment service BitPay. 

Circle and Coinbase are confident that interest in USDC will continue to grow and the 49th place in the CoinMarketCap rating is an obvious confirmation of the popularity of the coin, despite its “young age”