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USDC on TRON now supported for trading on Binance Exchange

By Edlyn Cardoza

January 04, 2022

  • Binance Exchange
  • Circle
  • Dapps

Circle, Internet Finance Firm, Financial Infrastructure, USDC, TRON, TRC20 Token, Binance Exchange, USACircle, a global internet finance firm that provides internet-based payments and financial infrastructure to businesses of all sizes, and the principal operator of USD Coin (USDC), recently announced the listing of native USD Coin on TRON (TRC20 token) on Binance – the world’s leading cryptocurrency exchange platform.

Users can now deposit and trade native USDC on TRON (TRC20) on Binance exchange and readily withdraw USD Coin on TRON to external TRON-supported wallets. The availability of USD Coin on TRON on Binance builds upon USDC’s global accessibility, providing a seamless experience for millions of users to access the world’s fastest-growing dollar digital currency.

USD Coin is fully backed by cash and short-duration U.S. Treasuries, ensuring that USDC is always redeemable 1:1 for U.S. dollars. Grant Thorton, a leading global accounting firm, publishes monthly attestation reports regarding USD Coin reserve balances.

“We’re excited to see USDC available across an increasing number of exchanges, making it easier than ever to access dollar digital currency liquidity,” said Gee Chuang, Principal Product Manager at Circle. “As the TRON ecosystem continues to grow, we believe that USDC will become an even more important part of transferring value simply and efficiently on-chain.”

With more than $42 billion USDC in circulation as of December 2021, USD Coin offers frictionless, secure and interoperable access to capital markets, global trade, payments and modern commerce – all at the speed of the internet. USDC on Tron enables users to transact, store, and exchange value across TRON-based protocols and decentralized apps (dApps).

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