December 6, 2022

JIC News

The latest cryptocurrency market news for today. Simplified The Conversion

1 min read

Cryptocurrency company introduced a new API for automatic conversion of USDC stablecoin to US dollars. The clearing system will help customers who do not want to make card payments due to high fees.

The FTX crypto derivatives exchange was the first to introduce new functionality to speed up US dollar settlements and USDC transactions between the Ethereum and Solana blockchains.

To implement the initiative started working with the cybersecurity company Plaid, which will prevent inaccuracies when specifying the bank account number and other common errors, increase the level of security and reduce the risk of fraud.

Launched in October 2018, the USDC is pegged to the US dollar at a ratio of 1:1. According to CoinGecko at the time of writing, the market capitalization of the stablecoin is more than $5.4 billion.

Recall that the rate of USDC issuance exceeded the performance of the USDT token from Tether.

In December, CEO He called on the United States to cooperate in regulating the cryptocurrency industry.

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