PrimeXBT, an award-winning digital currency exchange platform has added support for TRON-based USDT and USDC stablecoins deposits on their platform.
🔁TRC20 is a low-cost and rapid transfer method available with #PrimeXBT wallets. Use the Tron Network or other transfer methods to fund your trading or copy-trading accounts.
— PrimeXBT (@PrimeXBT) August 18, 2022
The TRC20-USDT and TRC20-USDC can be transferred via the TRON blockchain or other transfer methods for users to fund their PrimeXBT accounts.
Last month, PrimeXBT also included TRON as one of their supported tokens for both deposits and withdrawals.
What is PrimeXBT?
PrimeXBT is a cryptocurrency exchange platform that was founded in 2018 and serves clients in more than 150 countries.
The digital exchange platform supports popular cryptocurrencies such as Bitcoin, Ethereum, Ripple, Litecoin, EOS, and TRON just to name a few.
They have an industry-leading trade engine and provide their clients with a wide range of trading services including margin trading, their popular copy-trading feature, forex trading, commodities, and indices trading.
PrimeXBT has its own staking feature for its users that allows them to earn passively on their accounts and assures them that they are providing the highest level of security to its platform users.
Lastly, they have the PrimeXBT Trading Academy which teaches users how to trade digital assets and videos on how to utilize the features of its platform.
TRON-Based USDT and USDC
USDT (TRC-20) is a U.S. dollar-pegged stablecoin issued by Tether on the TRON blockchain and it is one of the most popular coins asides from BTCTRON, ETHTRON, and TRC20-TUSD. It also uses a TRON address for deposits and withdrawals which takes place on the TRON blockchain.
The token is tied to the USD on a 1:1 ratio, which makes it a lot less volatile than other cryptocurrencies.
TRC20-USDT is the most circulated stablecoin with an impressive number of transactions daily and it has almost 40 billion in circulating supply with millions of unique addresses.
— TRONSCAN (@TRONSCAN_ORG) August 19, 2022
Lastly, USDC is a digital stablecoin pegged to the USD and it was founded by Circle, a global financial technology firm and the cryptocurrency exchange Coinbase.
USDC has a TRC20-based token called the USDC on TRON.
USD Coin is managed by a consortium called Centre, which is an open-source technology project by Circle and Coinbase.
USD Coin is the 2nd largest stablecoin in the market behind USDT (Tether) and it has a market cap of over 25 Billion USD. The stablecoin was first announced in May of 2018 and was launched in September of the same year.
Do you see more exchange platforms adding TRON-based stablecoins in the next following months? Let us know in the comments section below.
For more news and updates, see Tron Spark.