Binance Finalizes USD Coin (USDC) Implementation on Stellar Network, Launches Withdrawals and Deposits

USD Coin (USDC), a stablecoin, has completely changed how we use digital currency on the blockchain. Digital currency allows instantaneous cross-border transactions and payment processing thanks to the pace and ability of the internet. Using USDC, one can donate actual US cash in the same way that one would share a YouTube video or internet humor. A wallet that stores the stablecoin USDC is known as a USD Coin wallet. Real US dollars stored in reserves at a 1:1 ratio serve as USDC’s sole source of security. For USDC transparency, Circle, the organization that created it, publishes reserve balance reports monthly. USDC requires a digital wallet for storage because it is digital money. The Ethereum, Algorand, Solana, Tron, and Hedera Hashgraph systems all support the USDC token.

Binance retains the right, at any time and for any reason without previous warning, to modify, revise, or cancel this announcement. Prices for digital assets are very volatile and sensitive to market risk. Your investment’s value may increase or decrease, and you could not get your money back. Future performance cannot be accurately predicted by past performance. This information is not intended to be taken as financial advice.

About Binance

Regarding daily trading volumes of cryptocurrency, Binance is the largest crypto exchange on the planet, established in 2017. Changpeng Zhao, a programmer who had previously produced high-frequency trading technology, launched Binance. The biggest online asset exchange is part of Binance’s product portfolio, which makes it the world’s leading blockchain ecosystem today. Their goal is to serve as a crypto technology service supplier. Their platform has an unrivaled range of financial product offerings and is trusted by millions worldwide.

About Stellar Network

Stellar is an open-source, decentralized protocol that enables cross-border exchanges between any two currencies and low-cost digital currency to fiat money transfers. With Stellar, you can generate, send, and exchange digital copies of any currency, including dollars, pesos, bitcoin, and much more. It has been created so that any financial system in the world can operate on the same network. Due to the network’s currency links, even a tiny business may have the influence and scope of an international bank.

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