Circle, a global internet finance firm that provides internet-based payments and financial infrastructure to businesses of all sizes, and the principal operator of USD Coin (USDC), today announced the listing of native USDC on TRON (TRC20 token) on Binance – the world’s leading cryptocurrency exchange platform.
Users can now deposit and trade native USDC on TRON (TRC20) on Binance exchange, and readily withdraw USDC on TRON to external TRON-supported wallets. The availability of USDC on TRON on Binance builds upon USDC’s global accessibility, providing a seamless experience for millions of users to access the world’s fastest-growing dollar digital currency.
USDC is fully backed by cash and short-duration U.S. Treasuries, ensuring that USDC is always redeemable 1:1 for U.S. dollars. Grant Thorton, a leading global accounting firm, publishes monthly attestation reports regarding USDC reserve balances.
"We're excited to see USDC available across an increasing number of exchanges, making it easier than ever to access dollar digital currency liquidity,"
said Gee Chuang, Principal Product Manager at Circle. “As the TRON ecosystem continues to grow, we believe that USDC will become an even more important part of transferring value simply and efficiently on-chain.”
With more than $42B USDC in circulation as of December 2021, USDC offers frictionless, secure and interoperable access to capital markets, global trade, payments and modern commerce – all at the speed of the internet. USDC on Tron enables users to transact, store, and exchange value across TRON-based protocols and decentralized apps (dApps).