Poloniex, a top-15 cryptocurrency exchange by trading volume and subsidiary of Circle, has made a significant addition to the trading pairs associated with USD Coin (USDC), a dollar-pegged stablecoin created by Coinbase and Circle.
— Poloniex Exchange (@Poloniex) November 16, 2018
According to the brief announcement, USDC trading pairs were added for XRP, Monero (XMR), Stellar (XLM), Dogecoin (DOGE), Litecoin (LTC), and Zcash (ZEC). Additionally, Poloniex revealed that all trades made using USDC pairs will be commission-free through the end of November.
USDC was built using the ERC-20 standard and operates within the regulated framework of US money transmission laws, and is “reinforced by established banking partners and auditors,” according to Circle. Since launching in September, USDC has seen tens of billions of dollars in trading volume and the circulation supply is now $148 million with more than 50 exchanges supporting trading.
More: Poloniex Announcement
Photo: Marco Verch / Flickr
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.