OKX provides help for brand spanking new USDC spot buying and selling pairs

• OKX has launched help for a number of USDC spot buying and selling pairs
• They embrace ZK, LITH, ZERO, ZRO, XNO, ONDO and LQTY

Crypto change OKX has introduced spot buying and selling help for a number of tokens towards the stablecoin USDC.

In response to an announcement, OKX has added USDC buying and selling pairs for ZK, LITH, ZERO, ZRO, XNO, ONDO and LQTY amongst different tokens. Buying and selling for these USDC pairs will start on August 29, 2024, with tokens added between 6am and eight:30 am UTC.

“To help the expansion of the USDC ecosystem and meet our customers’ various buying and selling wants, OKX is introducing the next USDC buying and selling pairs in our spot buying and selling between 6:00 am and eight:30 am UTC on August 29, 2024: CFG/USDC, XNO/USDC, LITH/USDC, ZK/USDC, LQTY/USDC, ZERO/USDC, ZRO/USDC, ONDO/USDC and G/USDC,” OKX notified its customers.

ZKsync, Ondo and LayerZero are among the many notable altcoin addition to the USDC spot buying and selling market on OKX. Earlier this month, the change added USDC buying and selling pairs for Primary Consideration Token, Balancer, Moonriver, Ampleforth Governance, wrapped Bitcoin and Alchemix amongst others.

The change additionally not too long ago added USDC, USDT, Bitcoin and Ethereum buying and selling pairs towards the Australian greenback (AUD).

USDC stablecoin

USDC is a US dollar-pegged stablecoin redeemable 1:1 for USD and has its reserves custody with main monetary establishments.

In response to USDC issuer Circle, the stablecoin’s present circulating provide is $34.6 billion, whereas reserves stand at $34.8 billion.

When it comes to reserves, there’s $4.2 billion in money and $30.6 billion within the Circle Reserve Fund, a SEC-registered US authorities cash market fund. The reserve fund’s portfolio consists of short-dated US Treasuries, in a single day US Treasury repurchase agreements in addition to money.