{"id":10624,"date":"2018-11-20T00:00:00","date_gmt":"2018-11-20T00:00:00","guid":{"rendered":"https:\/\/crypto-economy.com\/2018\/11\/20\/poloniex-usd-coin-usdc-now-traded-against-monero-xmr\/"},"modified":"2018-11-20T00:00:00","modified_gmt":"2018-11-20T00:00:00","slug":"poloniex-usd-coin-usdc-now-traded-against-monero-xmr","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/poloniex-usd-coin-usdc-now-traded-against-monero-xmr\/","title":{"rendered":"Poloniex: USD Coin [USDC] Now Traded Against Monero [XMR]"},"content":{"rendered":"
The US based digital asset platform, Poloniex<\/a><\/strong> recently announced Monero [XMR], among other cryptocurrencies as a trading pair for USD Coin<\/a><\/strong> [USDC]. USDC is a service introduced to tokenize US dollars and use them over public blockchains on the internet.<\/p>\n The service can be used to deposit US dollars from bank accounts, convert the dollars into tokens that can be used all across the network, and redeem USDC tokens or even cash out to bank accounts.<\/p>\n The coin can now be traded against, Dogecoin<\/strong> [DOGE], Litecoin<\/strong> [LTC], Zcash<\/strong> [ZEC], Staker<\/strong> [STR] and Monero<\/strong> [XMR].<\/p>\n This is very exciting news for the Monero community. It places the coin one step ahead in evolution. The community sees this as benefiting since USDC is a stable coin and the pair will better overall XMR liquidity and use.<\/p>\n Cryptocurrencies are currently the hottest investment products in today\u2019s market. This has led many investors to invest into cryptocurrencies. The value of Cryptos has as a result swelled with Monero growing to over $1 billion in market capitalization and selling at $67.2.<\/p>\n There are 2 main ways of investing XMR as an investor, one is through a direct purchase on an exchange, and the other is through leveraged trading with the use of Contract for Difference, [CFD]<\/strong>.<\/p>\nContract for Difference<\/b><\/h2>\n