Binance added stablecoin Circle

[Paha87]

One of the leaders in terms of trading volume - the crypto-exchange Binance, said that now supports trading with the USDC stablecoin of the Circle company, supported by 1 to 1 us dollar. The USDC stablecoin, which was announced by Circle in may this year and released in September, is one of a growing number of cryptocurrencies that are linked in a 1:1 ratio to a major Fiat currency.

Binance is not the first major platform listed by the USDC, earlier, at the end of last month, it was added for trading by another major crypto - exchange from the US-Coinbase. In its today's statement, Binance clarifies:

To increase the transparency of the USDC, Circle has engaged a high-level audit firm to issue monthly balance sheet certifications guaranteeing security in USD tokens that have been held / issued.

The crypto-exchange also noted that the trading of USDC/BNB and USDC/BTC pairs will begin on November 17.

Global expansion stablcoin

Recently, crypto-exchanges around the world have stepped up their efforts to support Fiat-backed stablecoins, which are becoming more and more on the market. Most recently, large crypto-exchanges OKEx and Huobi decided to transfer four stablecoin, provided with us dollars.

"Binance was also not shy about its enthusiasm for stablecoin, "said the platform's CEO, Changpeng Zhao, saying,"we hope there will be more when the exchange adds Pagos in September." Zhao tweeted about this earlier:

Regulated stablecoins serve as an intermediate medium where regulators maintain control, but tokens also provide much more freedom than traditional Fiat currency for users.

Binance currently ranks second in the world in terms of trading volume, with its value of $ 1.5 billion in daily trading turnover.

Link to the source of information (Russian) - https://altstake.io/news/binance-dobavila-steyblkoin-circle