Given the current state of the world, it can often be difficult to successfully navigate through highly volatile markets, and this is especially true for the cryptocurrency sector as these digital assets are known to experience dramatic increases and decreases in price in a relatively short amount of time.
When the markets are heading down or tend to be extremely erratic, it’s thus usually considered as a preferable time to invest in stablecoins, particularly USD Coin (USDC), which is audited on a regular basis and is supported by various notable crypto companies. As such, one notable crypto exchange named Bitrue looks to do its part in terms of helping its customers be able to access stablecoins like USDC via many different pairings.
What is Bitrue exactly?
Bitrue is a crypto exchange that is well-known for its collaborative efforts with Charles Hoskinson’s Cardano (ADA). Even now, Cardano is listed among the top crypto projects in the world by market capitalization and continues to create news on a frequent basis.
Bitrue is essentially a well-known trading platform that facilitates the exchange of various crypto assets. Bitrue’s reputation has benefited immensely from its association with Cardano in the past and continues to do so even today. At its heart, the Bitrue team is dedicated to generating new and profitable options for its users as well as the cryptocurrency industry as a whole.
Bitrue to play an important role
Bitrue supports USDC and the investments in the exchange’s Power Piggy are at 8.4% APR. In September 2021, Bitrue went the extra mile and made USDC into one of the official base currencies of their exchange, giving users the option to trade directly between USDC and a wide range of different crypto coins. In the following 6 months, they have continued supporting this currency by adding more pairs every week, with the total number of USDC pairs now over 60. Bitrue has also put in the work to support the wide range of networks that the stablecoin operates on, and its users now have the choice of transacting USDC on the BEP20, Polygon, ERC20, TRC20 and Solana chains.
All in all, although there are numerous exchanges and platforms that offer the ability to buy, sell and trade USDC, Bitrue will nevertheless keep working to secure its position as the best place to do anything related with this stablecoin and hence become the best exchange as far as supporting USDC may be concerned.
Why is Bitrue important?
Bitrue will continue to leverage the immense potential of blockchain technology to help everyone as much as possible regardless of their personal financial status or location. The team has been establishing offices throughout the world in order to achieve this aim and to continually broaden its reach and impact so that an increasing number of individuals may benefit from the potential of cryptocurrencies and hopefully achieve financial security and independence.
During such uncertain times in which we currently find ourselves, the efforts of Bitrue which are designed to help others are thus not going unnoticed.