BUSD

USDC

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/binance-celebrates-usdcs-mica-compliance-with-zero-fee-campaign/" data-wpel-link="internal">Binance Celebrates USDC’s MiCA Compliance with Zero-Fee Campaign</a> 
In terms of trading volume, the world’s largest cryptocurrency exchange, <a href="https://en.coin-turk.com/binance-introduces-new-altcoin-pixel-on-launchpool/" data-wpel-link="internal">Binance</a>, has not succeeded with stablecoins. The exchange’s own stablecoin, BUSD, was previously removed due to regulatory pressure on Paxos. So, what step did Binance take now to accept what it couldn’t change? 
<h2 style="text-align: justify" id="binance-and-usdc">Binance and USDC</h2> 
After its own stablecoin, BUSD, faced regulatory issues, the exchange turned to different alternatives. For example, TUSD was one of them. Later, FDUSD became another prominent option. During the TUSD period, many on-chain analysts, especially Crypto Capo (a notable crypto commentator in 2022), argued that the <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">market</a> was being speculated with this stablecoin. Binance, however, explained that the interest was due to the zero-fee campaign. 
After BUSD started experiencing issues, PAXOS made <a href="https://newslinker.co" target="_blank" rel="noopener" data-wpel-link="exclude">an announcement</a> that it would no longer mint new BUSD and would only handle redemptions. A year later (until the beginning of 2023), even redemptions stopped. This means no new tokens are being minted, and BUSD cannot be exchanged for dollars. 
Amid all this chaos, we saw Binance start to remove USDC pairs following the collapse of FTX. At that time, Coinbase and Circle implied that this was almost a declaration of war against them but stated they would remain strong. As they predicted, Binance, despite some decisions, continues to keep many USDC pairs active. 
<h2 style="text-align: justify" id="zero-fee-campaign-for-usdc">Zero-Fee Campaign for USDC</h2> 
Binance, which had previously run zero-fee campaigns against USDC, has now taken a different step following Circle’s MiCA success. USDC has already received legal permissions in Europe and can operate in a regulated manner in the region. To celebrate this, Binance made the following announcement and shared the campaign details: 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-367380 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/07/Binance-USDC-Destegi.png" alt="" width="1172" height="558"> 
<blockquote> 
 “To celebrate USDC being the largest MiCA-compliant, regulated stablecoin in the European Economic Area, Binance will launch a zero-fee campaign for all EUR/USDC spot trading pairs during the Promotion Period. 
 All users will benefit from zero maker and taker fees for the EUR/USDC spot trading pair. Users can refer to this page for more details about the promotional spot trading pairs.” 
</blockquote> 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/binance-celebrates-usdcs-mica-compliance-with-zero-fee-campaign/" data-wpel-link="internal">Binance Celebrates USDC’s MiCA Compliance with Zero-Fee Campaign</a></h5>

Binance Celebrates USDC’s MiCA Compliance with Zero-Fee Campaign

Innehållsförteckning

COINTURK NEWS

Andra artiklar publicerade 2 juli 2024

Ripple Wins Big in XRP vs. SEC Case as Non-Security Status Becomes ‘Law of the Land’

Data Doesn’t Lie: Bitcoin’s $60K Surge Signals a Summer of Gains

From Underdogs to Market Leaders: Altcoins with the Highest Growth Trajectory

Iris Energy Secures $413M For Bitcoin Mining Expansion

Texas man sentenced for buying child pornography with cryptocurrency

Crypto Analyst Predicts Explosive Growth for Bitgert Coin: What Investors Need to Know

Prenumerera på vårt nyhetsbrev och få kryptouppdateringar varje dag!