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Binance US Rolled Out USDC Supporting Feature for Deposits

| 09-Th3-2020

International crypto exchange giant Binance has reportedly added USDC to its list of facilitated digital coins for deposits, on its US-based division – Binance US. 

Specifically, the new listing, which will officially be finalized on Wednesday, March 4th, at 9:00 PM EST, will reportedly offer clients BUSD conversion with ease, as revealed via the firm’s web page. 

With the release of the new update, Binance.US will make the trading and holding features available to its customers. The conversion tool is located under “Buy Crypto” on the homepage, per Binance.US.

The exchange has further clarified that  the BTC / BUSD, BUSD / USD, ZIL / BUSD, XRP / BUSD, BNB / BUSD, ALGO / BUSD, and ETH / BUSD trading pairs will be facilitated via its official app, web page and API. 

BUSD enables fund trading activities with an accelerated speed, accepted as a means of exchange, store of value, and payment option across the crypto sector.

Like BSUSD, USDC is a stable crypto asset, developed by Center, in connection with Circle, that provides the similar facilitating services as BUSD. 

Binance also guarantee that they will carry on with the coins, tokens and trading pairs evaluation work, to make them publicly available in the future on Binance.US, and will remain compliant with their in-house Digital Asset Risk Assessment Framework.

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