Kraken will enable deposits and withdrawals for USDC at approximately 14:30 UTC on January 8. Trading pairs with XBT / USDC, ETH / USDC, USDC / EUR, USDC / USD, USDC / USDT, according to Kraken’s blog published on January 7.
Kraken is listing USD Coin (USDC) starting January 8. Details here:https://t.co/N36B69PBfm
— Kraken Exchange (@krakenfx) January 7, 2020
USDC is a fully collateralized, U.S. dollar-based stablecoin, USDC serves as a hedge against crypto volatility, provides immediate liquidity to crypto holders, and can be used to seamlessly and quickly move assets around the world, according to announced.
It is an Ethereum powered coin and is the brainchild of centre, an open-source project bootstrapped by contributions from Circle and Coinbase. USDC is the second-biggest stablecoin in the world, with a current market capitalization exceeding $500 million.
As AZCoin News reported 2 days ago, Binance has suddenly decided to delist USDC, its competitor Coinbase’s stablecoin. The announcement on Binance’s official website reads:
“To improve liquidity and user trading experience among our wide range of available assets, Binance will remove and cease trading on ALGO / USDC, FTM / USDC, ONT / USDC, XLM / USDC, USDS / USDC at 2020/01/07 8:00 AM (UTC)”
Coinbase and Binance is a rival exchange in the world like Coca-Cola and Pepsi.
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