Binance.US, the American-based Binance exchange listed the USDC on TRON today.
$USDC transfers on #Solana & #Tron networks now available!@Solana is a Layer-1 designed to improve scalability, lower fees, & allow developers to build & deploy dApps.@trondao is an ecosystem with the mission of decentralizing data & entertainment.
— Binance.US 🇺🇸 (@BinanceUS) October 10, 2022
Users would now be able to deposit and do withdrawals of the TRON-based USDC on their accounts and asides from the TRC20-USDC, they also provided support to the USDC from different blockchains such as Polygon, Avalanche and Solana.
Last March, Binance.US listed TRON (TRX) as their 86th supported cryptocurrency allowing its users to purchase TRX and adding four trading pairs available.
What is Binance.US?
Binance.US was founded in 2019 and it is currently managed by BAM Trading Services which has licenses from the original Binance exchange platform. The US-based Binance was created to comply with the regulations within the United States and create a separate exchange for US customers.
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.
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, and participate in exclusive token sales, and more.
Binance owns Binance.US’s name and intellectual property.
What is TRC20-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.
📢#TRC20–#USDC is live on @BinanceUS!
🙌Deposits and withdrawals of #TRC20–#USDC are available now.
🤗Enjoy, #TRONICS! pic.twitter.com/qLg8IGfsux
— TRON DAO (@trondao) October 11, 2022
USD Coin is managed by a consortium called Centre, which is an open-source technology project by Circle and Coinbase.
USD Coin is the 2nd largest stablecoin in the market behind USDT (Tether) and it has a market cap of over 25 Billion USD.
USDC has a TRC20-based token called the USDC on TRON (TRC20-USDC).
For more news and updates, see Tron Spark.