USD Coin [USDC] can now be traded against XRP, Litecoin [LTC], Monero [XMR] on Poloniex

The United States based digital asset platform, Poloniex recently made a Twitter announcement introducing several new trading pairs for USD Coin [USDC] on their platform.

Tweet by the official Poloniex Account:

“Poloniex today is introducing the following markets for #USDC: XRP/USDC, XMR/USDC, STR/USDC, DOGE/USDC, LTC/USDC, and ZEC/USDC.”

The stable coin USDC can now be traded against XRP, Monero [XMR], Staker [STR], Dogecoin [DOGE], Litecoin [LTC] and Zcash [ZEC]. Along with this announcement, the firm mentioned that trading of above-mentioned pairs will have no trading charges until 30th November.

On 27th September 2018, Poloniex introduced USDC trading for the first time. The token was made available to trade against Bitcoin [BTC], Ethereum [ETH] and Tether [USDT].

Two days ago, Binance also announced that the trading of USDC against Bitcoin [BTC] and Binance Coin [BNB] will begin from 17th November at 3:00 AM UTC.

Matther D Egelkraut, a crypto enthusiast says:

“FINALLY a “stable” currency to send back and forth between Coinbase Pro and Binance. Thank you!!! I’ll never forget the days of sending Litecoin from Binance to Coinbase, and having to wait 4 days! I didn’t sleep… Haha. But it all worked out.”

USD Coin is the first stablecoin developed by the open source project and membership consortium, CENTRE, along with the blockchain firm Circle. USDC is built based on ERC-20 standards which provide financial transparency and operates within the regulated framework of US money transmission laws.

USDC also received support from the famous exchange platforms Coinbase and Coinbase Pro in the month of October. During this announcement, Coinbase mentioned:

“This initiative is an important step towards a more open financial system and USDC is easier to send, program with, use in dApps, and to store locally than traditional bank account-based dollars.”