Binance is a major cryptocurrency exchange in the online crypto market. It has embraced the Polygon network’s native USD Coin (USDC). Circle established the USDC stablecoin, which is well-known in the cryptocurrency sector. Bridged USD Coin (PoS) (USDC.e) tokens will be traded on Binance under the ticker MATICUSDCE. This new asset will allow Binance users to trade spot, margin, and futures. MATICUSDCE on Binance expands user trading options.
Binance Simplifies MATICUSDCE Deposits and Withdrawals
Binance will make depositing and withdrawing MATICUSDCE easy for traders. This indicates Binance’s promise to serve its currency and assets. Users of the Polygon network must examine the addresses of the supported USDC currencies.
Bridged USD Coin (PoS) (USDC.e) is a proof-of-stake digital currency. This Polygon network bridging version has the address 0x2791bca1f2de4661ed88a30c99a7a9449aa84174. Circle’s Polygon network Native USD Coin (USDC) has the address 0x3c499c542cEF5E3811e1192ce70d8cC03d5c3359.
October 25, 2023, is an important date for wallet support changes. The Polygon network’s USDC wallet will no longer accept coin deposits and withdrawals at 06:00 (UTC) on the designated day. This change won’t have an impact on Binance’s USDC spot, margin, or futures trading. The services of Binance Earn and Binance Pay will not be impacted.
Native USD Coin (USDC) Integration Expands Access and Opportunities
Binance plans to notify users when the native USD Coin (USDC) on the Polygon network may be deposited and withdrawn. Native USDC owners will receive full instructions on upgrades and revisions. If there are conflicts between the original English version of this notification and its translated equivalents, the English version shall be considered the correct and approved source.
Binance’s integration of the native USD Coin (USDC) on the Polygon network increases the accessibility and usefulness of this widely used stablecoin. It also offers traders and platform users more opportunities.
