Gaevoy’s, and perhaps Binance’s, argument is that this cuts out steps for USDC users who want to trade on Binance. People can still issue USDC as before, deposit it on Binance, do what they want to do and withdraw in USDC. Notably, exchange FTX has had automatic conversion of USDC, which has benefited market makers, he added.
Related posts
-
Stablecoin Regulations Could Pose Problems for Tether, JPMorgan Says
Stablecoin issuer Tether has attracted regulatory scrutiny in the past due to its lack of transparency... -
Stablecoin Supply Growth Isn’t Eating Into Crypto Market Share: JPMorgan
Stablecoin supply has been growing in U.S. dollar terms, but the expansion doesn’t mean it’s taking... -
Circle is eyeing NFC payments for USDC on iPhones
Stablecoin issuer Circle is planning to enable the tap-to-pay feature using USDC on Apple iPhones In...