The second half of 2018 has been all about Stablecoins as there have been successful in grabbing eyeballs of everyone in the cryptocurrency world be it businesses, exchanges, traders or investors.
Trying to meet this growing demand, the United States-based digital asset platform, Poloniex announced several new trading pairs for USD Coin on their platform.
Poloniex adds 6 new pairs of Stablecoin USDC
The official announcement of this new USDC pair additions was released on the exchanges official twitter account which said that it would be adding XRP/USDC, XMR/USDC, STR/USDC, DOGE/USDC, LTC/USDC, and ZEC/USDC.
The stable coin USDC can now be traded against XRP, Monero [XMR], Staker [STR], Dogecoin [DOGE], Litecoin [LTC] and Zcash [ZEC]. Along with this announcement, the firm mentioned that trading of above-mentioned pairs will have no trading charges until 30th November.
USD Coin is the first stablecoin developed by the open source project and membership consortium, CENTRE, along with the blockchain firm Circle. USDC is built based on ERC-20 standards which provide financial transparency and operates within the regulated framework of US money transmission laws.