USD coin is listing on BTCNEXT

BTCNEXT, the most customer-oriented cryptocurrency exchange, has announced that it is adding one more U.S. dollar-pegged cryptocurrencies to its platform for trading. By opening a path for stable coins, BTCNEXT team seeks to create a world where cryptocurrencies will be used to buy anything, from coffee to house. Additionally, the adoption of stable coins undoubtedly will disrupt the development of the new decentralized internet.

“We believe that the crypto community still lacks a global currency that would not be tied to any central bank and would have low volatility. It is true that there are already tens of tokens that allow its holders to quickly move funds without the need to convert them back into U.S. dollars, however, almost all of them have one downside – they lack confidence. The Centre consortium had done an outstanding job, developing a highly secure and transparent USD stable coin. We have no doubts that it will be a real game-changer in the market,” said Ruslan Inozemtsev, CEO of BTCNEXT.

What is so special about BTCNEXT?

BTCNEXT is a cryptocurrency exchange, developed by Platinum Q DAO Engineering, which seeks to bring value to both projects and traders. Amongst the wide variety of features, one must be highlighted as fundamental – the platform gives prime importance to customer support. The results already speak for themselves - all the users have access to 24/7 customer support, where BTCNEXT team will try to solve any question or problem. No additional fees will be charged for that. BTCNEXT exchange charges just 0.010 for trading. VIP customers (deposits for >$50K) will have access to bonuses for deposit/withdrawals for the first half year.

The easy-to-use platform supported by an intuitive design makes it the perfect fit for both beginners as well as advanced traders. Currently, the exchange provides services like spot trading, margin (or leveraged) trading, OTC trading, Launchpad for IEO, advanced trading instruments and a 24/7 call center for customer support.

The exchange is yet in the process of developing fiat gateways for withdrawal and deposits. It has taken all precautions to be fully compliant with all existing laws in the countries where it is operating. With a minimum charge of 0.010 for trading, BTCNEXT also offers VIP customers (deposits more than 50,000 dollars) with bonuses for withdrawals and deposits for the first six months.

About USD coin

USD Coin is a US dollar-backed token with a stable price. With USDC, holders can move dollars anywhere in the world in minutes instead of days. Cheaply and securely. The tokens bring stability to crypto, opening up possibilities for trading, hedging risk, lending and beyond.

The main idea behind USD Coin is to tokenize US dollars and facilitate their use over the internet and public blockchains. It is worth mentioning that USDC tokens can be changed back to USD at any time. The execution of issuing and redeeming USDC tokens is ensured with ERC-20 smart contract.

USD Coin is developed by the Centre consortium, a partnership between Circle and Coinbase. The technology and governing framework are developed by the Centre, while Circle and Coinbase are the first commercial issuers of USDC.

Centre, the consortium that mints USDC, collectively holds US$1.00 for every single USDC. These funds are held in a special bank account that is constantly monitored and audited. Consequently, all USDC tokens are regulated, transparent and verifiable. Besides, Circle is known as the crypto startup backed by Goldman Sachs.

BTCNEXT exchange, the next generation spot and margin-trading platform, has been developed by Platinum Q DAO Engineering, which has also brought USDQ and KRWQ to the market, looking to edge together innovative solutions in collateralization. They plan to achieve it by using stabilizing mechanisms and neural networks for high-endurance stable coins.

The one aspect of USDQ which makes it unique is that this stablecoin is decentralized. It has Bitcoin as a collateralized cryptocurrency debt backing up its value, instead of a centralized authority holding dollar bills, as in the case of Tether (USDT).

The one aspect of USDQ which makes it unique is that this stablecoin is decentralized. It has Bitcoin as a collateralized cryptocurrency debt backing up its value, instead of a centralized authority holding dollar bills, as in the case of Tether (USDT).

In order to protect investors’ funds, BTCNEXT developers have implemented more than 300 security measures. In the near future, users will be able to trade over a hundred types of tokens including Bitcoin, Ethereum and Litecoin. For more information, visit their website and follow them on Twitter, Instagram, Telegram, Facebook, Medium, or LinkedIn.

Anton Dzyatkovski

Anton Dzyatkovski

CEO of Platinum