📣 USDC and TUSD: Binance and Circle (Goldman Sachs) announce Stable Coins
With the Circle USDC (USD-Coin) Coin supported by Goldman Sachs and the listing of the True-USD (TUSD-Token) on Binance two new Stable Coins are planned. In a crypto world plagued by volatility, the cryptocurrencies linked to the US dollar should offer stability.
"Once they [TUSD] are in the wallet, you can send them to friends or use them as payment. This combines the advantages of Fiat (stability and trust) with those of cryptocurrencies (low fees and transaction times)."
"Circle USDC [...] provides detailed financial and operational transparency by operating within the regulated framework of US money transfer laws [...]."
Both Stable Coins run on the Ethereum blockchain, which was voted the best blockchain worldwide in China.
Source: https://www.btc-echo.de/usdc-und-tusd-binance-und-circle-goldman-sachs-kuendigen-stable-coins-an/
The most important thing to consider about it is that Circle aka Goldmann Sachs just bought Poloniex and we can expect the Circle coin to be added on Poloniex if it doesn’t even completely replaces Tether on Poloniex.
Things are getting exciting
USDC solve problems by offering a solution with detailed financial and operational transparency. It is not volatile and its value is always close to 1 USD. Recently it get listed https://news.kucoin.com/en/usd-coin-usdc-gets-listed-on-kucoin-world-premiere/ and I've already enjoyed their 99% off trading fees on its trading pairs.
Just an update, tusd is one of a leading stablecoin in the market today and they are having only 1% trading fee payment on kucoin.