Binance, the world’s largest cryptocurrency exchange officially supports the TRON-based USD Coin (USDC) which would allow users to start trading TRC20-USDC.
In addition to that, Binance users would be taking advantage of the fast transaction speeds and ultra-low fees that the TRC20-USDC offer.
— TRON Foundation (@Tronfoundation) December 30, 2021
The TRON-based USDC had been supported by a number of top cryptocurrency exchanges in the world and now with Binance officially supporting it, they would be the latest exchange to add the TRC20-USDC.
What is Binance?
Binance is the largest cryptocurrency exchange in the world and it was founded by Changpeng Zhao, also known as CZ who is a trading software developer and he had been leading the exchange since July 2017.
The exchange provides its users over 500 cryptocurrencies for trading, a massive selection of transaction types and they are one of the cheapest crypto trading platforms available in the market.
One of the key features of Binance that attracts users to their platform is its easy-to-use interface which allows newbie traders or experienced ones to use their platform with ease.
Have you checked yours? pic.twitter.com/TfznYSXZKt
— CZ 🔶 Binance (@cz_binance) December 30, 2021
They also provide two options when it comes to digital currency trading which is the basic and advanced views. The only difference between the two is that the advanced one offers a more in-depth technical analysis of digital currency value over time.
When it comes to supported cryptocurrencies Binance had been one of the market leaders for its wide variety of supported coins and altcoins.
They also have their very own Binance Coin (BNB) which is their native crypto coin that powers the Binance ecosystem that can be used to pay for goods and services, settle transaction fees on Binance Smart Chain, participate in exclusive token sales, and more.
What is USDC?
USDC is a digital stablecoin that is pegged to the USD and it was founded by Circle, a global financial technology firm and the cryptocurrency exchange Coinbase.
USD Coin is managed by a consortium called Centre, which is an open-source technology project by Circle and Coinbase.
USDC was first announced in May of 2018 and was launched in September of the same year.
USDC is available natively on the world’s leading blockchains. Transact, store, and exchange value globally at the speed of the internet https://t.co/ZwQPjJ4DFF
— Circle (@circlepay) December 29, 2021
Asides from the TRON blockchain, USDC works with Ethereum, Stellar, Algorand, Avalanche, Solana, and Hedera Hashgraph systems.
TRON definitely knows how to end the year right with Binance supporting the TRC20-USDC on their platform and this would provide more users to take advantage of the TRON-based USDC.
As the year comes to an end, we at Tron Spark are wishing everyone happy holidays and a prosperous 2022 to come.
For more news and updates, see Tron Spark.