Liquid Global, a Japanese-based cryptocurrency-fiat exchange platform has provided support to the TRC20-USDC and allows users to deposit and do withdrawals of the TRON-based USDC.
Deposit and withdrawals of #TRC20–#USDC is now live on Liquid! @Tronfoundation
Deposit and start earning 👀double-digit rewards for your TRC-20 USDC!
Withdraw at any time with 0 fees!
Sign-up on Liquid ⤵️https://t.co/LERc2lOqZX
Deposit now ⤵️https://t.co/utNPl01Pys pic.twitter.com/eL5YnUKQey
— Liquid Global Official (@Liquid_Global) November 16, 2021
TRC20-USDC deposits would also allow users to earn rewards using the Liquid Earn feature which helps cryptocurrency traders and users to earn from their transactions.
Liquid Global is the latest cryptocurrency exchange to provide support to one of the four TRON-based stablecoins as the demand and circulation of TRON’s stablecoins are getting are continuosly increasing since being launched.
Previously, the TRON-based USDT was also supported by the said cryptocurrency exchange.
What is Liquid Global?
Liquid Global is one of the world’s largest cryptocurrency-fiat exchanges founded in 2014 and currently led by co-founder Mike Kayamori.
We are excited to announce our latest feature: Multi-Chain support for deposits and withdrawals! Our initial additions: @StellarOrg USDC, @Tronfoundation USDT.
To celebrate, Liquid is waiving all withdrawal fees for Stellar $USDC and TRC-20 $USDT. https://t.co/NxocMIaHIF
— Liquid Global Official (@Liquid_Global) July 13, 2021
The exchange had been consistently ranked among the top 10 regulated cryptocurrency exchanges globally and they have over 80+ listed cryptocurrencies, 150+ trading pairs, and provides support for several fiat currencies such as USD, EUR, JPY, AUD, HKD and SGD.
The Japanese-based cryptocurrency exchange also allows their users to earn rewards via their Liquid Earn which is a passive income feature to the traders on their platform such as the on-going promotion for depositing TRC20-USDC.
The exchange also prioritizes the security of their customer accounts using multiple security features such as two-factor authentication, cooling-off period, IP address whitelisting, cold wallet, and secure MPC technology just to name a few of those safety features.
Liquid has been one of the most reliable exchanges and they have been very compliant with laws and regulations when it comes to cryptocurrencies.
What is TRC20-USDC?
TRC20-USDC is a TRON-based digital stablecoin that is pegged to the USD and it was launched on TRON blockchain last June of this year.
The TRON-based USDC is the preferred stablecoin by most users compared to the ERC20 version of it due to its low transaction fees on the TRON-blockchain.
The USD Coin is managed by a consortium called Centre, which is an open-source technology project by Circle and Coinbase. It is the 2nd largest stablecoin in the market behind USDT and they have a whopping $25 Billion market cap.
Liquid’s support of the TRC20-USDC stablecoin shows how the demand of the TRON-based tokens had increased in the market since its being launched on the blockchain and it won’t be a secret anymore if they add more stablecoins on their exchange soon.
For more news and updates, see Tron Spark.
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