Circle’s Stablecoin USDC Gets More Pairs on Poloniex

Poloniex

Circle’s Stablecoin USDC Gets More Pairs on Poloniex

The second half of 2018 has been all about Stablecoins as there have been successful in grabbing eyeballs of everyone in the crypto world be it businesses, exchanges, traders or investors. Trying to meet this growing demand, the United States-based digital asset platform, Poloniex announced several new trading pairs for USD Coin on their platform.

Poloniex adds 6 new pairs of Stablecoin USDC

The official announcement of this new USDC pair additions was released on the exchanges official twitter account which said that it would be adding XRP/USDC, XMR/USDC, STR/USDC, DOGE/USDC, LTC/USDC, and ZEC/USDC.

The stable coin USDC can now be traded against XRP, Monero [XMR], Staker [STR], Dogecoin [DOGE], Litecoin [LTC] and Zcash [ZEC]. Along with this announcement, the firm mentioned that trading of above-mentioned pairs will have no trading charges until 30th November.

Following the tweet, a user replied requesting the exchange to add USDC pairs with UDC (Universal Digital Coin) and DGB (DigiByte Coin).

To which the exchange replied, that it would be getting its product team to review this request.

Could be the exchange may consider adding the two pairs in its next update.

On 27th September 2018, Poloniex introduced USDC trading for the first time. The token was made available to trade against Bitcoin [BTC], Ethereum [ETH] and Tether [USDT].
Two days ago, Binance also announced that the trading of USDC against Bitcoin [BTC] and Binance Coin [BNB] will begin from 17th November at 3:00 AM UTC. This news sent out euphoria among the community as now they had a stablecoin which could be transferred from Coinbase Pro to Binance. One of the tweets that exactly said that.

USDC also received support from the famous exchange platforms Coinbase and Coinbase Pro in the month of October.

USD Coin is the first stablecoin developed by the open source project and membership consortium, CENTRE, along with the blockchain firm Circle. USDC is built based on ERC-20 standards which provide financial transparency and operates within the regulated framework of US money transmission laws.

Will Poloniex new addition get more liquidity to the USDC? DO let us know your views on the same

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Circle’s Stablecoin USDC Gets More Pairs on Poloniex
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Circle’s Stablecoin USDC Gets More Pairs on Poloniex
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The second half of 2018 has been all about Stablecoins as there have been successful in grabbing eyeballs of everyone in the crypto world be it businesses, exchanges, traders or investors. Trying to meet this growing demand, the United States-based digital asset platform, Poloniex announced several new trading pairs for USD Coin on their platform.
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Author: Nilesh Maurya

Nilesh Maurya has been associated for past 8 years as an Investment Banker with Omega Capital, a bespoke Investment Banking outfit having offices in Mumbai, New York, Singapore, and Dubai. He has been a regular contributor to business publications such as Business India and Market Express and has been a mentor to many start-up companies. Nilesh Maurya has been associated for past 8 years as an Investment Banker with Omega Capital, a bespoke Investment Banking outfit having offices in Mumbai, New York, Singapore, and Dubai. He has been a regular contributor to business publications such as Business India and Market Express and has been a mentor to many start-up companies. Follow him on Twitter at @KoinKing1 or connect with me on linkedin.

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Nilesh Maurya 689 Articles

Nilesh Maurya has been associated for past 8 years as an Investment Banker with Omega Capital, a bespoke Investment Banking outfit having offices in Mumbai, New York, Singapore, and Dubai. He has been a regular contributor to business publications such as Business India and Market Express and has been a mentor to many start-up companies. Nilesh Maurya has been associated for past 8 years as an Investment Banker with Omega Capital, a bespoke Investment Banking outfit having offices in Mumbai, New York, Singapore, and Dubai. He has been a regular contributor to business publications such as Business India and Market Express and has been a mentor to many start-up companies. Follow him on Twitter at @KoinKing1 or connect with me on linkedin.

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