Binance makes USD Coin listing announcement

Cryptocurrency exchange Binance is now listing Circle’s USD-pegged stablecoin USD Coin (USDC), with deposits opening immediately. Further details here.

It is something of a slow mover, however. US exchange Coinbase announced it was adding support last month.

“The advantage of a blockchain-based digital dollar like USDC is easier to program with, to send quickly, to use in dApps, and to store locally than traditional bank account-based dollars. That’s why we think of it as an important step towards a more open financial system,” Coinbase said in a blog post.