USDC on TRON is now supported for trading on Binance Exchange
By Edlyn Cardoza
January 04, 2022
- Binance exchange
Circle, a global internet finance company providing internet-based payments and financial infrastructure to companies of all sizes, and the primary operator of USD Coin (USDC), recently announced the listing of the USD native coin on TRON (TRC20 tokens) on Binance – the world’s leading platform for the exchange of cryptocurrencies.
Users can now deposit and trade native USDC on TRON (TRC20) on the Binance exchange and easily withdraw USD coins on TRON to external TRON-supported wallets. The availability of USD coins on TRON on Binance builds on the global accessibility of USDC, providing a seamless experience for millions of users to access the world’s fastest growing digital dollar currency.
USD-Coin is fully backed by cash and US Treasuries with short maturities, which ensures that USDC can always be redeemed 1: 1 for US dollars. Grant Thorton, a leading global accounting firm, publishes monthly confirmation reports on the reserves of USD coins.
“We’re excited to see USDC available on more exchanges, making access to digital dollar currency liquidity easier than ever,” said Gee Chuang, Principal Product Manager at Circle. “As the TRON ecosystem continues to grow, we believe that USDC will become an even more important part of easy and efficient value transfer in the chain.”
With more than $ 42 billion in circulation as of December 2021, USD Coin offers smooth, secure and interoperable access to capital markets, global trade, payments and modern commerce – all at the speed of the internet. USDC on Tron enables users to enter, save and exchange values across TRON-based protocols and decentralized apps (dApps).
Judopay partners with Mastercard to revolutionize mobile buying
ZEN.COM Wallet introduces the transfer of digital assets between wallets and exchanges
IBSi Prime News
January 04, 2022
How InsurTech will shape the future of the insurance market
- Daily insightful news analysis
- Weekly snapshots of industry deals, events & insights
- Sectoral deep dives on the hottest FinTech trends
- Exclusive interviews with C-level executives who shape the industry
- Profiles of the most influential established and emerging companies in the industry
- Weekly Global FinTech Use Cases
- Chart of the week, curated by the IBSi research team
Subscribe to Prime
IBSi FinTech Journal
- The most trustworthy FinTech journal since 1991
- Digital monthly edition
- 60+ pages with research, analyzes, interviews, opinions and rankings
- Global coverage