EXMO Announce Listing of Stabelcoin USD Coin

EXMO Announce Listing of Stabelcoin USD Coin

Rapidly expanding eastern European exchange platform, Exmo have announced news of the latest addition to their service, USD Coin.

Via a news post shared earlier today, EXMO announced a series of trading pairs with which the new coin is compatible with. These include USDC/BTC, USDC/ETH, USDC/USD, USDC/USDT. All of which are now already available on the exchange platform and so users can begin trading with for USD Coin immediately.

USD Coin is a stablecoin that was created on the open source fiat stablecoin framework that was brought to life by a consortium known as Centre, which is comprised of two separate companies, Circle and Coinbase. USD Coin is fully collateralised, as you might have guessed, by the US Dollar, which gives you a very large safety net when trading with it. This is because all funds invested into the USD coin have reserved kept with US-based bank account.

As per the blog post announcing the new listing, it stated that “USDC is built on openness and accountability, enshrined in the governance and technology standards effort of Centre”. At the time of writing, the current market capitalization of USD Coin $358 804 07, according to Coinmarketcap.

The news comes just a week after they announced they had abandoned plans to list another new cryptocurrency, TkeyCoin when concerns about its security were raised by both their users. A second review of the coin then followed by EXMOs in which the concerns rang true and thus; the plans were ultimately scrapped.

As such, the choice now from EXMO to implement a stablecoin into their service in place of Tkeycoin seems like a measured decision.

Ready to join our tribe?

We respect your email privacy

Subscribe now to recieve exclusive updates and offers!

Recently Similar News

Latest Guides

Latest News


ChangeNOW’s AML Action Lead To The Return Of $15M COMP

Earlier this week, ChangeNOW announced that it was able to identify and return 45,505 COMP back to Compound. The estimated value of this recovery is around the $15m mark. This remarkable achievement is further proof of the effectiveness of the exchange’s Anti-Money Laundering (AML) procedures. In an announcement made on ChangeNOW’s website, the company provided […]

6 October, 2021
CFD Trading Platform,eToro,Trading

eToro Lowers The FTD Minimum Across Several Countries

eToro, the social trading and multi-asset platform, has decided to lower the minimum first time deposit, or FTD. Until further updates, users who sign up today using the link below will be able to fund their trading account with as little as $50. This offer is only valid to users in selected countries. To participate […]

24 September, 2021

ChangeNOW Launches The NOW Tracker App

The young, but fast-growing online cryptocurrency exchange, ChangeNOW, has just announced the release of its latest product. The NOW Tracker is a free asset management app that lets users keep track of their coins and tokens across different wallets. Available on Google Play and the App Store, NOW Tracker is flexible and functional. This solution […]

9 September, 2021

eToro Becomes An Official Partner Of RB Leipzig

The world’s leading social investment network, eToro, has recently announced a new and exciting partnership. According to an announcement on eToro’s Twitter page, the company has become the latest partner of the German football team, RB Leipzig. A two-year partnership agreement has been signed between the parties. Running until 2023, this agreement can be extended […]

24 August, 2021

PSG’s Messi To Receive Part Of His Salary In Cryptocurrency

The Argentinian footballer, Lionel Messi, has made headline news several times in the past few weeks. Following his surprise departure from FC Barcelona, the player confirmed that he will be joining Paris Saint-Germain FC. The move was significantly newsworthy but got even more interest when it was announced that part of the footballer’s salary will […]

23 August, 2021

KingTiger Casino Announces Shut Down

KingTiger Casino has announced that it has ceased all operations until further notice. According to its website, the casino has had to “temporarily close” due to Ethereum network congestion. It is not yet clear if and when this online Bitcoin casino will reopen. Meanwhile, we invite you to check out other Bitcoin casinos from our […]

12 August, 2021

CryptoCasino Announces Temporary Close

CryptoCasino has stopped operating until further notice. According to a landing page on their website, the casino is undergoing an update. There is no information about when the casino will reopen or the reason why an update required the website to shut down temporarily. Players who hold a crypto wallet account with CryptoCasino need not […]

11 August, 2021

Binance Suspends SEPA Inward Payments Until Further Notice

Binance Suspends SEPA Inward Payments Until Further Notice Binance has just announced that it has temporarily stopped all incoming SEPA payments. As a result, users will no longer be able to deposit euros using the primary European payments network. The world’s largest cryptocurrency exchange did not provide any specific information regarding the reason behind this […]

12 July, 2021