Cryptocurrency exchange Bitrue launches USDC as fifth base pair, moves away from USDT

Cryptocurrency exchange Bitrue has decided to support USDC (USDC/USD) instead of USDT (USDT/USD), launching USD Coin as their fifth base pair, Invezz learned from a press release. The decision is motivated by strong interest in USDC in the DeFi space, safety issues, and community requests.

Bitrue planning gradual shift away from USDT  

This move is the first in Bitrue's strategy to gradually shift away from Tether due to high demand from its community to support alternative stablecoins. Adam O'Neill, Chief Marketing Officer of Bitrue, said:

Bitrue has supported USDC for some time. Credit card purchases, investments, and trading have been available to users for a few years. Traders and investors can both deposit and withdraw USD Coin on the Solana (SOL/USD) and Ethereum (ETH/USD) ERC20 networks.

USD Coin has real fiat backing

USD Coin, a mutual project by Circle and Coinbase, is a very stable currency. All coins in circulation have an equivalent US dollar held in a custodian account. Fund availability is proven with monthly audits. This makes the stablecoin far safer and more secure to use compared to analogical products. Adam O'Neill added:

Bitrue adding more pairs every week

The exchange will be adding further USDC pairs every week. Bitrue has offices worldwide and is a diversified cryptocurrency exchange with support for investments, loans, and trading catering to a vast number of users from all walks of life.