Binance, the world’s largest cryptocurrency exchange recently in a blogpost announced it will list a few more USD Coin pairs and will also move its two existing USDC pairs into the merged stablecoin market known as USDⓈ.
This move involves the canceling of any trades that remain in these two USDC markets USDC/BNB and BTC/USDC, basically they intend to clear the market and create a fresh and new market for the stablecoin. Both Stellar (XLM) and Ripple (XRP) will have USD coin pairs, besides to their existing stablecoin pairs.
As per the announcement, the pairs that are being created with USDC are BTC, ETH, XLM, USDT, BNB, EOS and XRP. And all of these pairs will be accessible via the USDⓈ market. However, they will not be accessible in the regular coin exchange of Binance and it has Ether and BTC as its primary base trading tokens.
The crypto exchange was clear and warned the users that the existing USDC/BTC and USDC/BNB trading pairs will be delisted and removed on December 16 at 03:00 AM (UTC). However, the new markets were already showing up in the advanced exchange on Friday but they were not accessible at the time.
Adding Ripple and Stellar
The Ripple (XRP) and Stellar (XLM) both were already added against USDT, TrueUSD, and PAX. But in addition to those, they will also have fiat trading pair in USDC. However, the interesting move by Binance is that both of them are treated equally while many other market leaders are far away from equal.
Both the tokens have an interesting long background which is of a great interest for any crypto enthusiast. They both have faced lawsuits, yet their communities have a lot of things in similar. However, they both started with a similar technology, yet the Stellar prefers to count itself as a peer-to-peer remittance protocol. And Ripple on the other hand wants to focus on institutional money and bank-to-bank movements over the cross borders.
Ripple (XRP) and Stellar (XLM) both have come a long way from their all-time highs. Currently, the XRP and XLM are trading at $0.28 and $0.095 with a market cap of $11 billion and $1 million respectively as per the data obtained from the CoinMarketCap. Binance always strives to offer its customers the best and up-to-date services with frequent updates.