Why Crypto Exchanges Love Stablecoins Like USDC

This is part of a series of blogs to help people understand the various ways USD Coin (USDC) powers the crypto ecosystem. The other blogs in this series are available here

In a little over a year since the launch of USD Coin (USDC), it has become one of the most popular quote currencies on digital asset exchanges across the globe. Currently, 60+ exchanges-including Binance, Coinbase Pro, and Poloniex-support the dollar-backed stablecoin. And that number is on the rise.

Why do so many exchanges choose to list USDC when, unlike bitcoin (BTC) and other cryptoassets, it doesn’t grow in value? We answer that question and more in the report below.

If you want to try USDC, find out how at circle.com/tokenizer

Originally published at https://blog.circle.com on December 17, 2019.