The world’s largest cryptocurrency exchange, Binance, has announced the reintroduction of trading pairs with Circle’s USDC stablecoin, including ADA/USDC, ARB/USDC, AVAX/USDC, and more, starting December 28 at 08:00 UTC.
The move follows Binance’s removal of stablecoins, such as USDP and TUSD, a year ago to concentrate stablecoin liquidity. The decision to bring back USDC, however, was not explained.
Notably, in September, Binance revealed plans to remove all stablecoins from the European market by June 2024, aligning with the Markets in Crypto-Assets (MiCA) framework.
The recent reintroduction of USDC prompts speculation about its connection to regulatory shifts. Circle has recently pursued conditional registration with France’s Financial Markets Authority, aiming for a full Digital Asset Service Provider status to comply with European regulations.
Binance’s strategic moves in stablecoin management continue to shape its market presence and align with evolving global regulatory frameworks.
Also Read: Binance To End Support For BUSD Stablecoin In December
