Binance Will Block USDC | Nigeria’s Plans To Create Virtual Free Zone

Binance will remove the second largest stablecoin in the world from its platform as it aims to propel its own stablecoin to the top of the market. In addition, the West African Country of Nigeria plans to create a virtual free zone in collaboration with the exchange.

  • Binance will remove USDC from its platform as it aims to propel BUSD to the top.
  • The exchange will automatically convert funds into Binance USDC on 29 September.
  • Nigeria to create a virtual free zone focusing on the blockchain and the digital economy in collaboration with Binance.

The world's most prominent cryptocurrency exchange by volume, Binance, has announced plans to remove the world's second-largest stablecoin, USDC, from its platform, and it's not because it lost its peg. USDC is the second largest stablecoin in the world and has a market value upwards of $52 billion. Since USDC was created in 2018 by …

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