OKX has announced that it has expanded its USDC trading zone to support the growth of the USDC ecosystem and meet the diverse trading needs of its users.
OKX to Add New USDC Trading Pairs on November 28
On November 28, 2024, between 20:00 and 21:00, the following USDC trading pairs will be launched on the platform:
ARTY/USDC
SPURS/USDC
BIGTIME/USDC
RSR/USDC
ZEUS/USDC
SCR/USDC
KAIA/USDC
MORPHO/USDC
USD Coin (USDC) is a stable cryptocurrency pegged to the US dollar and operates on Ethereum, Stellar, Algorand, Solana, Tron and Hedera Hashgarph systems.
USD Coin is managed by a consortium called Centre, which was founded by Circle and includes members from cryptocurrency exchange Coinbase and Bitcoin mining company Bitmain.
Circle claims that each USDC is backed by a dollar held in reserve, but it does not provide any details on this. Circle changed the phrase on its website from “Backed by US Dollars” to “Fully backed by stored funds” in June 2021
OKX reminds users that digital assets are innovative investment products with high price volatility and significant investment risks.
The platform advises investors to fully understand the nature of digital assets, carefully evaluate their investment capacity, and make informed and prudent decisions.
This latest addition underscores OKX’s commitment to developing the USDC trading ecosystem while providing users with wider investment options.
*This is not investment advice.
