Binance, one of the largest cryptocurrency markets, said on Thursday that it would add one of the new stablecoins, USD Coin (USDC) to its trading roster later this week. The move triggered a slight increase of the USDC price on Thursday midday as most of the virtual assets market experienced a significant decline.

Binance has already opened USD Coin deposits in preparation for the trading, which should start at 03:00 UTC on Friday. The venue will back two USDC trading pairs – with Bitcoin (BTC), and with its own token, Binance Coin (BNB).

According to Changpeng Zhao, the Binance CEO, the upcoming USDC listing was a result of successful cooperation between several exchanges, which should be an example for the crypto industry. USD Coin i…

This article appeared first on Cryptovest

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