Binance announced it will list USDC as its second regulated stablecoin

Stablecoins • November 15, 2018, 6:07AM EST
Published 1 hour earlier on
UPDATED: November 15, 2018, 5:11AM EST
The Block

Binance announced Thursday that it is adding USDC, which joins Paxos as the second regulated stablecoin that the company added. Gemini dollar is the last regulated stablecoin missing from Binance.

Binance also lists Tether and TrueUSD. Binance said that users can now start depositing USDC and that it will first open trading for BNB and BTC trading pairs on November 17. Tether still dominates the share of volume on Binance with 91.5%, followed by TrueUSD at 4.8% and Paxos at 3.8%.

THE SCOOP

Keep up with the latest news, trends, charts and views on crypto and DeFi with a new biweekly newsletter from The Block's Frank Chaparro

By signing-up you agree to our Terms of Service and Privacy Policy
By signing-up you agree to our Terms of Service and Privacy Policy

(Source: Binance)

About Author

Larry joined crypto research full time in early 2017 and has expertise in capital markets, market structure and early stage DeFi companies/protocols and token economics. He has a background in economics and finance.

More by Larry Cermak