Binance Announces Listing Of USDC (USD Coin Stablecoin) With BNB Coin Trading Pairs

Binance constantly keeps their investors involved in the changes that they bring to the platform constantly through official announcements on their website. Most frequently, at least lately, has been new listings and coin pairings. On an announcement on November 14th, they decided to let their users know about the newest listing – USD Coin (USDC).

According to the post, trading for USDC will begin on November 17th. Presently, the token is only being paired with BNB and BTC, though updates to these limits happen all of the time. Binance also included that users can prepare for the listing by depositing USDC in their wallets now.

The announcement explains,

“USDC is a stablecoin designed to be pegged one-to-one with USD (1 USDC = $1 USD). Please be cautious if/when the price deviates from this ratio.”

Considering how necessary it is for a stablecoin to remain at a 1:1 value with the local currency, Binance added that there will be a “top-ranking auditing firm” available to maintain the transparency of the coin. This firm is scheduled to release a testimony each month, offering the USDC and USD balances that are held/issued.

To caution users, the company issued a “risk warning” in the announcement, which almost seems like a courtesy for anyone that deals in cryptocurrency, even without Binance.

The warning simply states,

“Cryptocurrency investment is subject to high market risk. Please make your investments cautiously. Binance will make best efforts to choose high quality coins but will not be responsible for your investment losses.”

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Krystle M
Krystle is an American cryptocurrency blogger that wants to see the future of crypto and blockchain technology evolve. She has been writing about cryptocurrency for about a year, with a special interest in blockchain technology and regulatory measures around the world. While away from writing and learning about the changes in the cryptocurrency industry, she likes to indulge in science fiction novels and further her experience in playing both guitar and piano.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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