Stablecoin Markets Shift as Binance Begins USDC Conversions
Binance will no longer support competing stablecoins, including USDC, on its exchange. USDC’s market cap is down 5% since the announcement.
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Binance will no longer support competing stablecoins, including USDC, on its exchange. USDC’s market cap is down 5% since the announcement.
The company also announced a Cross-Chain Transfer Protocol to streamline the movement of USDC across networks.
At Converge22, the Shark Tank host said stablecoins are set to lead to a reduction in friction and fees worldwide.
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