Binance.​US Enables USDC Deposits

Binance’s US wing has implemented USDC deposits to convert to BUSD easily.

Global cryptocurrency exchange Binance has listed USDC for deposits on its United States Branch, Binance.US.

The new listing took effect on Wednesday, March 4th, at 9:00 PM EST, allowing users easily convert to BUSD, according to a statement made on their official website.

BUSD allowed for trading or holding

With such a measure, Binance.US will allow its users to start trading or holding BUSD. The conversion feature can be found under “Buy Crypto” on the homepage, the company said.

The exchange makes it clear that the BTC / BUSD, BUSD / USD, ZIL / BUSD, XRP / BUSD, BNB / BUSD, ALGO / BUSD, and ETH / BUSD trading pairs are available for trading from the official application, website and API.

BUSD allows fund trades on a faster pace

According to Binance, BUSD offers “fast” ways to fund trades, which is accepted as a means of exchange, store of value, and method of payment throughout the crypto sphere.

Like BSUSD, USDC is a stable digital asset issued by Center and linked with Circle, which also has the same support as BUSD.

The exchange also assured that they would continue evaluating coins, tokens and trading pairs to offer them in the future within Binance.US, in compliance with their in-house Digital Asset Risk Assessment Framework. 

Also, they emphasized that community feedback and market demand will play an essential role in studying these possibilities.

Expanding assets portafolio

Previously, Cointelegraph reported that Binance had added 15 additional fiat currency options for Visa and Mastercard purchases. The exchange also expanded its portfolio by adding Russian ruble support to its Peer-to-Peer (P2P) platform.

Cointelegraph reached out to Binance.US for additional details but received no response as of press time. This article will be updated accordingly should a response come in.