Binance Exchange Will List Circle's USDC Stablecoin This Week

Binance, currently the world's third largest cryptocurrency exchange by bitcoin trading volume, is adding support for Circle's recently launched stablecoin, USD Coin, this weekend.

Thursday that it will open trading pairs for the regulated, U.S. dollar-pegged token against its own token Binance coin and bitcoin on Nov. 17, adding that it has already started accepting deposits for USDC in preparation for the start of trading.

Crypto finance firm Circle also confirmed the news with CoinDesk on Thursday.

The support for USDC comes shortly after Wei Zhou, Binance's CFO, told.

CoinDesk in October that the firm is looking to list more stablecoins.

The news means Binance will support four stablecoins, with tether, Paxos Standard and TrueUSD already on the books.

Last month, U.S.-based crypto exchange Coinbase also announced.

It was adding USDC as its first stablecoin offering.

Other exchanges including South Korea-based Korbit and Japan's Liquid have also recently made USDC available for trading on their platforms, according to a blog post.

More than 50 exchanges, protocols, platforms, applications and wallets now support the token, Circle said, adding that its circulating supply is currently at over 148 million.