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Binance, the globe's most significant cryptocurrency interchange by quantity, recently announced that it would begin automatically converting existing and brand-new TUSD, USDP, and USDC stablecoin
Leading exchange ByBit was the first to bring USDC options to the markets, now the exchange is expanding its offerings, by adding Ether (ETH) and Solana (SOL) contracts. It already offered USDC-based BTC options.
On Monday (September 5), Binance announced that it will no longer support the use of fiat-collateralized stablecoins $USDC, $USDP, and $TUSD for trading, and instead “users' existing balances and new deposits” will automatically get converted to $BUSD at a 1:1 ratio.
Binance has announced that it will automatically convert USDC, USDP, and TUSD to BUSD. The exchange says that this will boost liquidity and be to the benefit of users.
Binance announced its BUSD auto-conversion program, a company blog post said Monday (Sept. 5), which converts one-to-one USDC, USDP and TUSD stablecoins to Binance's own BUSD.
The world's largest cryptocurrency trading platform by trade volume, Binance, issued a notice on Monday explaining that the exchange will be removing the stablecoin USDC from the platform's spot trading pairs list.
Binance, the world's largest crypto exchange, said on Monday it is introducing "BUSD Auto-Conversion," which will be used to convert any existing user balances and new deposits of USD Coin (USDC), Pax Dollar (USDP) and True USD (TUSD) into its own stablecoin.
Binance is moving to prioritize its own stablecoin, BUSD, over several others on its cryptocurrency exchange. The post Binance to end support for USDC, other stablecoins in favor of its own BUSD appeared first on The Block.
Binance is moving to prioritize its own stablecoin, BUSD, over several others on its cryptocurrency exchange. The post Binance to end support for USDC, other stablecoins in favor of its own appeared first on The Block.
The largest cryptocurrency exchange in the world, Binance, announced Monday that it would delist USD Coin, the stablecoin pegged to the United States dollar, in favor of its native Binance USD (CRYPTO: BUSD) stablecoin beginning Sept. 29. Here's what you need to know.
The largest cryptocurrency exchange will consolidate competing assets into its native Binance stablecoin.
Binance, the world's largest cryptocurrency exchange by volume, has announced it will auto-convert users' USD Coin (USDC) and two other stablecoins into the native Binance USD (BUSD) starting 29 September 2022. The crypto platform said in a Monday notice to customers that the auto-convert feature will also be utilised for the stablecoins USDP and TUSD.
Binance has revealed that it would remove USD Coin (USDC), TrueUSD (TUSD), and Paxos Standard (USDP) as tradeable assets on its platform and convert its users' balance in these stablecoins to Binance USD (BUSD) by September 29. The post Binance will stop supporting USDC, certain other stablecoins by Sept.
The action effectively removes the world's second biggest stablecoin USDC as a tradeable asset on Binance's platform.
Bybit is set to roll out USDC spot pairs and offer integrations for clients.
Since the Terra Luna crisis earlier this year, there has been a shake-up in the stablecoin ecosystem. The post Stablecoin wars heat up as USDC and USDT battle for market share appeared first on CryptoSlate.
Bybit cryptocurrency exchange and Circle have signed a partnership deal.
Data from Glassnode analyzed by CryptoSlate shows that USDC leaving Binance is at yearly highs, according to the Exchange Net Position Change chart below. The post Binance USDC withdrawals top $1 billion per day this week appeared first on CryptoSlate.
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The crypto derivatives exchange has partnered with Circle to expand its suite of USDC offerings; traders will also have access to auto conversions between the stablecoin and U.S. dollars.
Bybit exchange has partnered with Circle Internet Financial to help accelerate the use of USDC. We tell you what the partnership entails.
Bybit exchange has partnered with Circle Internet Financial to help accelerate the use of USDC. We tell you what the partnership entails.
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