Binance stops supporting USDC, the second largest stablecoin.
Binance, the world’s largest crypto exchange, said it would remove spot, future, and margin trading with USDC, USDP, and TUSD pairs. The move will “enhance liquidity and capital-efficiency for users.”
Binance’s stablecoin, BUSD, is worth $19.3 billion. According to CoinMarketCap, daily volume trades rose 56% to $6.5 billion.
On September 29, all user balances in USD Coin (USDC), TrueUSD (TUSD), and Paxos Standard (USDP) will be automatically converted to Binance USD (BUSD), the company said....