Following the news that Coinbase would list EUROC, Circle’s euro-based stablecoin, Bittrex has announced that it will offer the digital asset on its platform, including a fee-free promotional period to boost utilization.
Bittrex noted that it would include the no-fee promotion for customers transacting with USDC, USDC pairs, and EUROC, which is scheduled to end on 28 August 2023.
Oliver Linch, CEO of Bittrex Global, commented on the listing of EUROC, stating they are providing an even better proposition to their customers when it comes to trading and investing with stablecoins.
“In addition to being able to trade on the world’s most secure and regulated exchange, our customers can now enjoy no fees on these trades, at a time when stablecoins are proving to be a particularly attractive asset class.”
Michael Mouradian, Head of Digital Assets and Markets at Bittrex Global, added:
“Circle has been at the centre of digital currency innovation for the last decade, transforming the way money moves. Many of the values it holds close — trust, transparency and stability — are reflected in our ethos at Bittrex Global. This integration enables investors to access and trade all USDC pairs, including EUROC, with no fees, giving them greater choice and better value.”
The US stablecoin is in a bit of an upheaval as the SEC claims it should be regulated as a security. Circle, a Fintech that has always focused on compliance, wants clear-cut rules, but regulators have been slow to create them. Expectations are for legislation to emerge from the US House of Representatives within the coming months that should clarify the requirements for stablecoin issuers.