XRP, Bitcoin [BTC], and other cryptocurrencies paired against USDC on Binance

Binance, the world’s largest cryptocurrency exchange has been busy as the brutal bear year of 2018 is finally coming to an end. Binance announced on December 14 that it will be listing new trading pairs with CENTRE consortium’s stablecoin USDC as a quote asset.

Binance, in its official blog, announced plans to list trading pairs XRP/USDC, Bitcoin [BTC]/USDC, Binance coin [BNB]/USDC, Ethereum [ETH]/USDC, EOS/USDC on December 15, 2018, at 03:00 AM UTC.

The blog also stated:

“The existing USDC/BNB and USDC/BTC trading pairs will be removed and delisted at 2018/12/16 03:00 AM (UTC). All existing orders in each order book will also be canceled at this time.”

Apart from the normal listings, Binance also decided to pair USDC [Circle] against USDT [Tether] to help facilitate easy conversion from one stablecoin to another for its users.

CENTRE consortium, on its Medium blog, stated:

“The new USDC trading pairs are BTC/USDC, ETH/USDC, BNB/USDC, XLM/USDC, EOS/USDC and XRP/USDC. This represents a significant milestone for an asset-backed stablecoin that was introduced just a few months ago. Trading for these pairs will begin 10 pm EST Friday.”

Binance is revamping their listings as they decided to add more trading pairs with TrueUSD [TUSD], another stable coin, last week, which included XRP, Bitcoin [BTC], Ethereum [ETH], Stellar Lumens [XLM], EOS, and Binance Coin [BNB].

A Twitter user, George T, tweeted:

“@coinbase why have you retweeted this? Read again please: for their 7 most actively traded assets! And this includes #xrp !!! I am sure you heard of it! #xrp”

Another user, J Win, commented:

“Second largest must be included and @cz_binance is smarter. If one’s still stubborn with the thought of not listing the second largest, @binance will be on advantage. I have a great feeling that Binance will overtake the one that is stubborn very soon. @Cryptonary_”

A users Martyn ‘Marty’ Bryde tweeted:

“Why would you pair $USDC with $USDT
A dollar is a dollar, except #USDT #tether is going to implode one day, and Bitfinex is going to take the whole market down with it? @Bitfinexed”

Binance coin [BNB] had gone up by over 10 per cent over the last week in a surprise market volatility. The price fluctuation was attributed to the launch of Binance DEX, which will swap the ERC20 token, BNB, from Ethereum platform to Binance blockchain, which was announced by Binance and CZ. Some users had also attributed it to a bug in Binance’s system, which was later acknowledged by Binance CEO, CZ.

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