Binance Halts support for USDC stablecoin

Binance wave goodbye to USDC

About Binance

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What's the news?

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What's the plan?

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USDC pairs removed

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Why this move?

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Promoting BUSD?

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Easy Withdrawals

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Also Read:

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We're on You Tube

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Binance wave goodbye to USDC

Binance wave goodbye to USDC

About Binance

About Binance

Launched in 2017 & registered in Cayman Islands, Binance is the world's largest crypto exchange by volume

What's the news?

What's the news?

Binance will no longer support USDC coin & trading in USDC pairs. By 29th Sept 2022 it will halt spot trading of USDC pairs

What's the plan?

What's the plan?

Binance system will auto-convert USDC to BUSD in 1:1. This change also implies to USDP & TUSD stablecoins.

USDC pairs removed

USDC pairs removed

All USDC trading pairs will be removed including BTC/USDC, ATOM/USDC, BCH/USDC, BNB/USDC, EOS/USDC, LINK/USDC, SOL/USDC etc

Why this move?

Why this move?

In a statement released by Binance, this step is done to enhance liquidity & capital-efficiency for users

Promoting BUSD?

Promoting BUSD?

Many argued the subtlety of the decision by Binance. It's a sure way of promoting its native stablecoin BUSD against rivals USDT & USDC.

Easy Withdrawals

Easy Withdrawals

Despite the change, the customer will continue to withdraw BUSD balance into USDC and other stablecoins in a 1:1 ratio

Also Read:

Also Read:

1..About BUSD

1..About BUSD

2..Domains in demand

2..Domains in demand

3..Russia & Crypto

3..Russia & Crypto

We're on You Tube

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