Kinesis Exchange Added USDC Trading On Its List

The USD Coin (USDC), a stablecoin based on FIAT, has been launched on the Kinesis Exchange by Kinesis, the top gold- and silver-based monetary system in the world.

With more than 49 billion USDC tokens now in circulation, USDC is the second-largest USD stablecoin in the crypto industry and the fourth-largest cryptocurrency by market cap.

Now available on the Kinesis Exchange, USDC can be traded with the US dollar, a variety of popular cryptocurrencies, such as Bitcoin and Ethereum, as well as the native stablecoins of Kinesis, Kinesis Gold (KAU) and Kinesis Silver (KAG). 

Kinesis users will be able to quickly onboard and trade USDC against physical gold or silver on the Kinesis Exchange through the listing. It is dependable and time-tested precious metals that serve as inflation “hedges” while also generating a yield on their assets thanks to Kinesis’ fee-based yield-sharing business model.

A major milestone for the crypto sector is the addition of USDC to the pool of currently accepted digital assets that may be used to make purchases using the Kinesis Virtual Card.

The new virtual card, which is accepted in over 60 nations worldwide, including the Canada, UK, Eurozone, Latin America, Australia, and Oceania, will enable users to spend cryptocurrency and physical gold and silver in real-time with an immediate conversion to local currency at more than 80 million locations around the world that accept Mastercard.

The Kinesis Virtual Card adds global utility to gold- and silver-backed stable assets in addition to the critical accessibility and familiarity of spending fiat-based digital assets like USDC, giving Kinesis users the financial freedom of transacting entirely outside of the traditional banking system.

Moreover, USDC will be tradable on Kinesis Pro, a professional crypto trading platform that Kinesis plans to launch later this year. Users of Kinesis will benefit from the platform’s professional trading environment, which includes high liquidity trading pairs, innovative trading tools, and top security.

The USDC listing will increase KAU and KAG’s global accessibility to crypto and digital asset traders and allow for more efficient and widespread trading of the native gold and silver-based assets against a variety of stablecoin pairings.

According to Kinesis CEO, Thomas Coughlin, “We are thrilled to offer Kinesis users the opportunity to trade USDC within our monetary system. The addition of USDC brings further industry diversity to the Kinesis Exchange, alongside an asset with deep liquidity and high trading volumes.”

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