• OKX introduces assist for a number of USDC spot buying and selling pairs
• These embrace ZK, LITH, ZERO, ZRO, XNO, ONDO, and LQTY.

Cryptocurrency change OKX has introduced assist for spot buying and selling of a number of tokens in opposition to stablecoin USDC.

be announcementOKX has added USDC buying and selling pairs for the next tokens: ZK, LITH, ZERO, ZRO, XNO, ONDO, LQTY, and so forth. Buying and selling for these USDC pairs will start on August 29, 2024, and tokens might be added between 6:00 AM and eight:30 AM UTC.

OKX knowledgeable customers that “to assist the expansion of the USDC ecosystem and meet the varied buying and selling wants of customers, we are going to introduce the next USDC buying and selling pairs for spot buying and selling on August 29, 2024 between 6:00 AM and eight:30 AM (UTC): CFG/USDC, XNO/USDC, LITH/USDC, ZK/USDC, LQTY/USDC, ZERO/USDC, ZRO/USDC, ONDO/USDC, G/USDC.”

ZKsync, Ondo, and LayerZero are among the many notable altcoins added to OKX's USDC spot buying and selling market. Earlier this month, the change added USDC buying and selling pairs together with Primary Consideration Token, Balancer, Moonriver, Ampleforth Governance, Wrapped Bitcoin, and Alchemix.

The change additionally lately added buying and selling pairs for USDC, USDT, Bitcoin, and Ethereum in opposition to the Australian greenback (AUD).

USDC Stablecoin

USDC is a US dollar-pegged stablecoin that’s convertible 1:1 to the US greenback, and its reserves are held in main monetary establishments.

In response to USDC issuer Circle, the stablecoin at present has $34.6 billion in circulation and $34.8 billion in reserves.

Relating to ReservesThe corporate has $4.2 billion in money and $30.6 billion within the Circle Reserve Fund, an SEC-registered U.S. authorities cash market fund. The Reserve Fund's portfolio contains money, short-term U.S. Treasury payments and in a single day U.S. Treasury repurchase agreements.