Yahya 
Chinese based OKX, one of the world’s largest cryptocurrency trading platform has recently announced that it would be launching 9 new trading pairs with USDC. This action forms part of the broader effort of the exchange to support the USDC ecosystem and also meet varied trading needs of its clients.
Last week, the exchange delisted 50 digital assets and now it decided to change the strategy, increasing the number of USDC pairs at OKX exchange. The newly listed trading pairs are to be launched on Thursday, August 29, during 09:00-11:30 TSI, or 02:00-04:30 ET in the USA, and during 08:00-10:30 CEST.
The new USDC trading pairs are as follows:
- CFG/USDC
- XNO/USDC
- LITH/USDC
- ZK/USDC
- LQTY/USDC
- ZERO/USDC
- ZRO/USDC
- ONDO/USDC
- G/USDC
As stated by OKX, this change is intended not only to cover the diverse trading needs of the user base but also to support the development of the USDC ecosystem.
Currently, USDC created by Circle is the second largest stablecoin with the market capitalization of approximately $34 billion, placing behind only to USDT with the market cap of $118 billion. The importance of USDC in the cryptocurrency industry can be manifested by the period of the banking crisis in the United States which occurred in the previous year and during which USDC experienced the lowest value of $0.80 and it is far from its established 1:1 equivalence to USD.
Going forward, as OKX expands its platform capabilities, the exchange’s emphasis on USDC illustrates that stablecoins are increasingly relevant in the larger cryptocurrency space.
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