Huobi, one of the largest cryptocurrency exchanges has announced that the TRON-based USDC stablecoin is now supported on their exchange platform.
👏$USDC deposits & withdrawals on TRC20 chain is available on #Huobi now
💰Win 30,000 USDC prize pool & Earn 30% APY
Learn more↓ @Tronfoundation
— Huobi (@HuobiGlobal) November 10, 2021
USDC-TRC20 is one of the four major stablecoins in the TRON-blockchain aside from the TRC20-USDT, USDJ, and TUSD.
Users can start doing USDC-TRC20 deposits and withdrawals on their Huobi accounts.
What is Huobi?
Huobi is one of the biggest cryptocurrency exchanges in the world and they have been in the market since 2013.
(1/2)🎉#TRC20–#USDC is now available on @HuobiGlobal
⚒️Deposits and withdrawals for #TRC20–#USDC will be going live on Huobi Global and there will be a promotion with a 30,000 #USDC prize pool and ZERO withdrawal fees.
🧐Learn more info👇https://t.co/5Sk7hrvyCD pic.twitter.com/vRRmj2d92s
— TRON Foundation (@Tronfoundation) November 9, 2021
They are one of the most dominant crypto exchanges in Asia and support all major cryptocurrencies such as Bitcoin, Ethereum, Ripple, and USDT just to name a few. Users of the said exchange can buy, sell and liquidate their crypto by using these cryptos as trading pairs.
The exchange offers support to almost 900 trading pairs and provides decent trading and transaction fees to their clients.
Huobi exchange also has its native cryptocurrency called Huobi Token (HT) that was issued and distributed in 2018 to all of its users.
They have been one of the most successful crypto exchange platforms in the market and continue to grow their userbase year by year.
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.
(1/2)🎉According to @TRONSCAN_ORG, the total transfer volume of stablecoins on #TRON network exceeded $15 billion and reached $15,050,425,443 on Nov 8! pic.twitter.com/S8UClKFGUO
— TRON Foundation (@Tronfoundation) November 9, 2021
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.
This fully collateralized USD-pegged stablecoin has a 200 million circulating supply with 300,000 unique addresses.
The TRON-based USDC continued to grow over the months and with this recent listing from the Huobi exchange, we expect to see more global cryptocurrency exchanges following through to support more TRON-based stablecoins on their platforms.
For more news and update, see Tron Spark.
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