Binance Delists Coinbase Stablecoin USDC Trading Pairs

[cheezcarls]

In a surprise move, Binance has delisted multiple trading pairs with Coinbase’s stablecoin USDC. The given reason was “low liquidity,” but there’s speculation that it is due to competition with Binance’s U.S. branch.

All USDC trading pairs will be removed from Binance starting tomorrow, according to a new announcement made by the exchange. The move effectively weakens the world’s second-largest stablecoin, USD Coin (USDC), on Binance. In total, five trading pairs will be delisted: ALGO/USDC, FTM/USDC, ONT/USDC, XLM/USDC, and USDS/USDC.

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[Malam90]

In a surprise move, Binance has delisted multiple trading pairs with Coinbase’s stablecoin USDC. The given reason was “low liquidity,” but there’s speculation that it is due to competition with Binance’s U.S. branch.

All USDC trading pairs will be removed from Binance starting tomorrow, according to a new announcement made by the exchange. The move effectively weakens the world’s second-largest stablecoin, USD Coin (USDC), on Binance. In total, five trading pairs will be delisted: ALGO/USDC, FTM/USDC, ONT/USDC, XLM/USDC, and USDS/USDC.

Click here to read the rest of the news

USDC is not much popular coin like USDT. So this is not a matter whether binance will delist USDC or retain. It will not impact on the market price. USDC coin needs to be more popularity so team needs to do a lot of works like USDT team. I hope they will do so.