Deposits and Withdrawals Set to Resume

Crypto exchange Binance announced it is expanding support for USD Coin (USDC) on the Polygon PoS network, which is issued by Circle. Deposits and withdrawals for the native USDC on Polygon are set to open soon, and users will be informed in a separate notice. 

The abridged version of the coin, known as USD Coin (PoS) (USDC.e), is already supported by Binance and will now be traded under the ticker MATICUSDCE, according to the statement.

However, deposits and withdrawals for the current USDC on the Polygon PoS Network will be suspended on October 25, 2023, at 06:00 (UTC). This will not impact the services Binance offers, including USDC spot trading, margin trading, futures trading, Binance Earn, and Binance Pay.

USDC Live on Polygon

Earlier in October, Circle announced the availability of USDC on the Polygon PoS network, making it accessible to users and developers without the need for bridging. The stablecoin issuer will, however, cease support for deposits and withdrawals of abridged USDC.e, with only native USDCs supported from November 10.