Circle’s Stablecoin USDC Is Listed At KuCoin Cryptocurrency Exchange

KuCoin exchange listed Circle’s stablecoin USDC today. Deposits are immediately available with supported exchange pairs that include USDC/BTC and USDC/ETH.

All transactions are accessible utilizing KuCoin’s mobile apps or direct to their website at www.kucoin.com.

About USDC

Circle USDC or the USD Coin is a simple web app for customers to purchase and utilize USDC fiat tokens for payments and trading in the crypto ecosystem. USDC gives a full reserve US dollar-backed stablecoin and has an open source fiat stablecoin framework created by CENTRE.

USDC Requirements

The Circle USDC service is open to retail and institutional customers globally. Customers must provide complete KYC information. As it is based on the ERC-20 token standard, USDC can be utilized on any exchange that holds it and with any ERC-20 compatible virtual wallet.

Revenue Model

The circle may impose a small charge for redeeming USDC for USD bank transfers. Trading platforms that support USDC charge fees for trading within tokens and crypto assets. CENTRE network members may want to monetize fiat stablecoin tokens in various ways. However, the central basis of this framework is to lower if not completely eradicate traditional fees and time delays connected with a driving value around the world.

USDC Production

USDC is distributed using the CENTRE open source framework and membership system, and it will become accessible as an open framework that various companies can participate as issuers. That implies that other FIs can become USDC issuers, and that customers will be capable of purchasing and redeeming USDC tokens in an open and interoperable ecosystem of FIs that involves crypto exchanges, consumer digital wallet companies, and banks. It includes a membership governance model for issuers that ensures that they meet technical, operational, regulatory, compliance and audit requirements.

Circle’s USDC gateway implements a regulated on and off ramp that operates inside the framework of US money transmission laws, with overlooking from the US Treasury department, and US state banking supervisors.

Circle’s USDC gateway also gives a seamless, smooth and secure to use the experience that continues funding with any bank account.

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