Binance, the leading crypto exchange, has gotten the crypto world excited again with new listings. To close out the year on a high note, Binance has announced the introduction of some prominent trading pairs, and a strategic reintegration of the stablecoin powerhouse, USDC.
Two notable additions on the list shared by prominent Chinese crypto reporter Colin Wu (@WuBlockchain) on X are XRP/USDC and ADA/USDC. These pairs will be available from 8:00 UTC on December 28.
Read Also: Binance to Remove these XRP, SOL, and ADA Products As SEC Targets the Exchange
However, the announcement did not end there. Binance is also listing other top-tier cryptos to trade against USDC, including ARB/USDC, AVAX/USDC, DOT/USDC, INJ/USDC, MATIC/USDC, OP/USDC, ORDI/USDC, and SOL/USDC.
Binance announced that it will list ADA/USDC, ARB/USDC, AVAX/USDC, DOT/USDC, INJ/USDC, MATIC/USDC, OP/USDC, ORDI/USDC, SOL/USDC, XRP/USDC at 16:00 on December 28, 2023, remove APE/BNB, APE/EUR, ARPA/ETH, BETA/ETH, CVX/BTC, ENS/BNB, EOS/EUR, ETC/EUR, KAVA/BNB, PAXG/BNB.…
— Wu Blockchain (@WuBlockchain) December 27, 2023
USDC’s Shocking Return
USDC’s return to Binance is an intriguing aspect of this announcement. Whispers of a potential rift between Binance and USDC over a year ago cast doubt on the stablecoin’s future on the platform.
Despite justified reasons, Binance’s move against USDC caused a stir in the crypto world, and Circle, the company behind USDC, expressed concerns over Binance’s actions.
While former Binance CEO Changpeng Zhao (CZ) refuted the speculations of Binance abandoning USDC in what could have become a stablecoin war of sorts, Binance did implement stricter measures regarding USDC circulation.
In a further twist, during the financial results report for the second quarter, Brian Armstrong, the CEO of Coinbase, highlighted that Binance had fully withdrawn from USDC, moving those funds to a different stablecoin.
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— TimesTabloid (@TimesTabloid1) July 15, 2023
Read Also: Trading Pairs Delisted By Binance That Affect SHIB, ADA, and XRP Holders: Details
The Tables Have Turned
However, in a remarkable turn of events, USDC not only returns to Binance but takes center stage with the introduction of multiple new trading pairs, solidifying its place within the exchange’s ecosystem.
However, with the addition of new trading pairs, some pairs will be delisted on December 29 at 2:00 UTC. These are APE/BNB, APE/EUR, ARPA/ETH, BETA/ETH, CVX/BTC, ENS/BNB, EOS/EUR, ETC/EUR, KAVA/BNB, PAXG/BNB.
By assembling a formidable lineup of prominent players like XRP, ADA, USDC, and a constellation of other top-tier cryptos under one roof, Binance is expanding its one-stop shop for active crypto traders, strengthening its position in the market.
With the problems between Binance and USDC seemingly over, Binance can welcome the stablecoin and its trove of users back into the ecosystem.
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