Bibox: Supports TRC20-USDC Transactions

By July 14, 2021Tron | TRX

Bibox, one of the leading high-quality digital asset exchange platforms is the next crypto exchange to officially support TRC20-USDC transactions.

Users will be able to do deposits or withdrawals of TRC20-USDC tokens and the said exchange currently supports the two types of USDC which are the ERC20-USDC and the TRC20-USDC.

Bibox plans to add more diversified cross-chain services and hopefully, they support more TRON-based tokens in the future.

What is Bibox?

Bibox is a cryptocurrency exchange that was launched last November of 2017 and the exchange is owned and operated by a sophisticated team of Chinese blockchain and cryptocurrency experts.

The exchange is one of the leading high-quality digital asset exchange platforms in the market and they support cryptocurrencies such as:

  • BTC
  • ETH
  • BIX
  • BCH
  • XRP
  • LTC
  • EOS
  • DOT
  • LINK
  • TRX
  • and more

Bibox have their own Bibox Token (BIX) which is an ERC20 cryptocurrency token built on the Ethereum blockchain and there are a total of 500 million BIX tokens have been made available.

Asides from their supported tokens, the exchange also prioritizes the latest and advanced security protocols to protect their users’ personal information, accounts, and funds.

The exchange has an easy-to-use and navigates platform for their users whether your a newbie or experience trader and they can take advantage of their very low trading fee, plus a large array of cryptocurrency assets.

What is TRC20-USDC?

TRC20-USDC is a TRON-based USDC token that was launched in June 2021 and there are already more than $100M USDC on the TRON blockchain.

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. It is managed by a consortium called Centre, which is an open-source technology project by Circle and Coinbase.

While TRON is a blockchain-based decentralized platform that was founded by Justin Sun. TRON aims to create a free, global digital content entertainment system with distributed storage technology and allows easy and cost-effective sharing of digital content. TRON is dedicated to building the infrastructure for a truly decentralized Internet.

The launch of TRC20-USDC provided developers an option to build in the TRON ecosystem and access to Circle’s full suite of payments and treasury infrastructure built around USDC.

Bibox supporting TRC20-USDC can only mean one thing and that’s how big TRON’s USDC has become since its launch last month and it can be a possibility that more exchanges will follow this move to support TRON-based tokens on their platforms.

For more news and updates, see Tron Spark.

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Eder Teixeira

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