KuCoin adds USDC (USD Coin) markets

KuCoin has just made an announcement that the exchange will be adding USDC trading pairs on its website today. USDC pairs include BTC/USDC, ETH/USDC and USDT/USDC trading pairs and these will go online at 22:00 (UTC+8).

kucoin usdc

Not only that, KuCoin users will enjoy 99 percent off the trading fees on USDC trading pairs (BTC/USDC, ETH/USDC and USDT/USDC) from Oct 15, 22:00 to Oct 22, 22:00 (UTC+8).

A brief history on USDC coin

USDC coin is US dollar backed stable coin that offers detailed financial and operational transparency. USDC works within the regulated framework of U.S. money transmission laws with established banking partners and auditors.

People who issue USDC have to report their USD reserve holdings and this information will be made available upon request.

USDC is an ERC20 token so it can be stored in any ethereum wallet where you have access to private keys (like mycrypto.com and myetherwallet.com) or a supported wallet like trust.