On November 26, a crypto exchange Binance announced it had renamed the USDT Market (USDT) to be a combined Stablecoin Market (USDⓈ). This was made to support more trading pairs with different stablecoins offered as a base pair.
On November 29, Paxos Standard Token (PAX) was added as a base pair into the USDⓈ Trading Market/Tab.
On December 7, Binance added TrueUSD (TUSD) as a base pair into the combined stablecoin market.
The day before, the exchange announced the release of Sub-Account feature, which will serve entities looking to set up multiple trading accounts within a single organization and provide control access on an account level.
Today, on December 14, Binance has announced it will add USD Coin (USDC) as a quote asset into the USDⓈ Trading Market/Tab on December 15 at 03:00 AM (UTC). The available pairs will be BNB/USDC, BTC/USDC, ETH/USDC, XRP/USDC, EOS/USDC and XLM/USDC.
At the same time, the exchange will also add a USDC/USDT trading pair into the USDⓈ Trading Market/Tab.
Binance notes that the existing USDC/BNB and USDC/BTC trading pairs will be removed and delisted on December 16 at 03:00 AM (UTC). All existing orders in each order book will also be canceled at this time.
USD Coin (USDC) is a fully collateralized US Dollar stablecoin based on the open source fiat stablecoin framework developed by Centre, a consortium founded by Circle and Coinbase. USDC tokens are ERC-20 compatible and can be used with any ERC-20 compatible digital wallet or service.