Binance is all there is to it resilient among major crypto projects. At least that’s what its barons want us to believe. After experiencing difficult times, particularly on the regulatory front, the world’s most popular exchange is moving to a new stage. In fact, Binance has officially integrated the bridged version of USDC, known as MATICUSDCE.
Binance supports bridged version of USDC
Regulatory challenges imposed by US regulators (SEC, CFTC, etc.) have pushed Binance to make such difficult decisions as abandoning the BUSD stablecoin project. After 4 years of hard work alongside Paxos, the Changhpeng Zhao team finally threw in the towel.
At the same time, Binance had turned to other more promising crypto projects such as FDUSD.
“ Binance will support Circle USD Coin (USDC) native tokens on the Polygon network.
Bridged USD Coin (PoS) tokens (USDC.e) will take MATICUSDCE as their ticker on Binance. MATICUSDCE deposits and withdrawals will continue to be supported. »
In addition to First Digital USD, Binance recently showed support for Circle’s native crypto deployed on Polygon, says Coin Edition. This Binance initiative comes to fruition as follows: Circle’s USDC, MATICUSDCE, will be integrated into the CZ cryptocurrency exchange, as well as the potted version of this stable cryptocurrency, USDC.e.
Furthermore, the integrated version of USDC will be named “MATICUSDCE” on Polygon. Regarding the new version of USD Coin, it will have a different identity in order to separate the two cryptos issued by Circle:
- for bridged USDC built on Binance (USDC.e), 0x2791bca1f2de4661ed88a30c99a7a9449aa84174;
- for native crypto USDC on Polygon (MATICUSDCE), 0x3c499c542cEF5E3811e1192ce70d8cC03d5c3359.
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