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    Dozen Crypto Exchanges Now Support New Circle Stablecoin USD Coin (USDC), to Eliminate Fees

    A Dozen New Companies Are Supporting USD Coin

    USD Coin has been the hot cake of the crypto ecosystem as of late. In under a month, the coin is already ranked 58th by market size on CoinMarketCap. The circulating supply has reached over 125 million with a 24-hour trading volume of about $2 million.

    The latest exchanges to incorporate USDC are BitMart, Bit-Z, DDEX, FCoin, Gatecoin, Hanbitco, Hotbit, QCP Capital and SWFT Blockchain. Crypto loan provider NEXO has announced to be working on the addition of the stablecoin. Wallet providers BitKan an Tokenare permit their users to use USDC for their various services.

    In total, about 50 companies have welcomed USDC in just over two weeks since its issuance. A large number of companies getting on board is because of CENTRE Consortium which was founded by circle and Coinbase.

    Bootstrapped by grants from founding member, an early form of these protocols is in making. servicing millions of customers. CENTRE’s software implementation will be handled by an organization designed just for this purpose. It will provide the support, governance and ongoing R&D for the project.

    Circle To Remove Redemption Fees

    USD Coin is the crypto ecosystem’s first open, fungible and interoperable fiat stablecoin as their users are given the ability to tokenize their dollars into USDC, which can be converted back into dollars from Circle and Coinbase

    Circle has further announced that they will no longer be charging fees who are converting USDC to US dollars. This is likely a move to capitalize on the booming popularity of the stablecoin

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    B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

    [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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