Binance has announced that it will support Circle’s native USD Coin (USDC) on the Polygon network, illustrating the growing integration of major financial platforms with cutting-edge blockchain networks.
Binance currently supports the bridging version of the USDC (USDC.e). MATICUSDCE will be the ticker for the bridging version. Binance also revealed that separate announcements would be made covering deposits and withdrawals for the native USD Coin (USDC).
The way this integration works will be altered in the future. The deposit and withdrawal service for current USDC on the Polygon network will be temporarily disabled at 2023-10-25 06:00 (UTC).
Other functionalities, such as USDC spot trading, margin trading, futures trading, Binance Earn, and Binance Pay, will be unaffected. Binance promised users that it will continue to provide a consistent user experience by allowing deposits and withdrawals for the bridging USD Coin, MATICUSDCE, at any time.
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