🔥💥New USDC decision from Binance: Trading pairs are listed in 10 cryptos
Binance, which removed many USDC pairs from its platform last year, seems to have taken a step back on this issue. In a statement made by the exchange today, it was stated that 10 crypto trading pairs will be listed in USDC parity again starting tomorrow.
The Binance exchange seems to have returned from the decision it made in 2022 to reduce the presence of USDC on the platform. The exchange announced today that it will launch USDC trading pairs in 10 cryptocurrencies.
The announcement was made that ADA/USDC, ARB/USDC, AVAX/USDC, DOT/USDC, INJ/USDC, MATIC/USDC, OP/USDC, ORDI/USDC, SOL/USDC and XRP/USDC pairs will be opened for processing starting from 11 a.m. tomorrow.
As it will be remembered, Binance's USDC decision was widely discussed in 2022 and the stock market was mostly based on BUSD and USDT after that.
When the BUSD ban came, things changed
However, it seems that the fact that US regulatory institutions have launched a war on Binance and have deprecated the company's fixed coin, BUSD, as of 2023, has caused things to change in terms of the stock market.
When the BUSD issued by Paxos was described as an “unregistered investment contract sale” by the New York Department of Financial Services, Paxos also stopped the issuance. Binance, on the other hand, had gradually started delisting trading pairs in BUSD parity since February of 2023.
The exchange, along with the USDT, had started to support fixed coins such as the Hong Kong merkel FDUSD and TUSD. However, during this period when prices are increasing and Binance is having problems with the USA, it is noteworthy that the company has opened its doors to USDC, which Circle has launched again.
In the statement made, it was not overlooked that no information was given except the day and time notification and a short announcement was made.
