The exchange aims to provide users with a frictionless trading experience by adopting the USDC stablecoin on the platform.
Cryptocurrency trading platform ABCC Exchange has announced its partnership with Circle Pay to utilise USDC stablecoins for a better user experience and ease of transactions.
To remove the hurdles that platform users commonly face when moving fiat currencies in and out of digital exchanges, ABCC Exchange will be pegging the UDSC stablecoin on a 1:1 basis against the US dollar with the help of Circle Pay.
This removes the frustration of long periods of waiting while moving funds back and forth. Instead, users can now trade in a fast and secure manner with simple wire transfers on the platform. Trading in USDC also provide users with greater financial and operational transparency while trading.
Circle Pay is part of the peer-to-peer payments company Circle, who are the principal operators of the USDC stablecoin. First launched as part of a venture between Circle and Coinbase, the coin now has over 27.5 billion USDC in circulation and 2.9 billion in volume at the time of writing, making its popularity only second to that of the USDT stablecoin.
“At ABCC Exchange, we focus on evolving our platform to cater to the needs of existing and new users. With more individuals looking to invest in digital assets, this partnership with Circle Pay will remove the need to rely on third-party applications, accounts, and wallets to create a seamless experience for both experienced and novice traders — placing our users first,” said Alan Li, Chief Executive Officer at ABCC Exchange.
Since its inception in 2018 ABCC Exchange has seen a steady growth in users and growth, with their trading volume increasing five times to US$50,000,000 in the last 3 months. The exchange also offers trading of DeFi and NFT tokens on their 2.0 platform.
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