- OKX has launched help for a number of USDC spot buying and selling pairs
- They embody ZK, LITH, ZERO, ZRO, XNO, ONDO and LQTY
Crypto trade OKX has introduced spot buying and selling help for a number of tokens in opposition to the stablecoin USDC.
In line with an announcement, OKX has added USDC buying and selling pairs for ZK, LITH, ZERO, ZRO, XNO, ONDO and LQTY amongst different tokens. Buying and selling for these USDC pairs will start on August 29, 2024, with tokens added between 6am and eight:30 am UTC.
“To support the growth of the USDC ecosystem and meet our users’ diverse trading needs, OKX is introducing the following USDC trading pairs in our spot trading between 6:00 am and 8:30 am UTC on August 29, 2024: CFG/USDC, XNO/USDC, LITH/USDC, ZK/USDC, LQTY/USDC, ZERO/USDC, ZRO/USDC, ONDO/USDC and G/USDC,” OKX notified its customers.
ZKsync, Ondo and LayerZero are among the many notable altcoin addition to the USDC spot buying and selling market on OKX. Earlier this month, the trade added USDC buying and selling pairs for Fundamental Consideration Token, Balancer, Moonriver, Ampleforth Governance, wrapped Bitcoin and Alchemix amongst others.
The trade additionally just lately added USDC, USDT, Bitcoin and Ethereum buying and selling pairs in opposition to the Australian greenback (AUD).
USDC stablecoin
USDC is a US dollar-pegged stablecoin redeemable 1:1 for USD and has its reserves custody with main monetary establishments.
In line with USDC issuer Circle, the stablecoin’s present circulating provide is $34.6 billion, whereas reserves stand at $34.8 billion.
By way of reserves, there’s $4.2 billion in money and $30.6 billion within the Circle Reserve Fund, a SEC-registered US authorities cash market fund. The reserve fund’s portfolio contains short-dated US Treasuries, in a single day US Treasury repurchase agreements in addition to money.
