BIT will go live with a basket of USD stablecoins program and include USDC in the basket on April 28, 2022. All USD stablecoin in the basket will support a 1:1 exchange with the USD.
After the launch, a new USD account will be added to your asset page and the existing USDC account will be removed, while the USDC balance will be converted to USD balance at a 1:1 ratio.
Your USDC balance will be shown as USD balance in the ratio of 1:1. Also, if you would like to withdraw USDC, you can select USD and choose in the list below.
BIT will support USD wire deposits and withdrawals soon, and USD wire deposits will also be credited into USD wallets by then, please watch for our official announcement.
BIT will be adding more USD stablecoins to the basket in the future, stay tuned!
Note: BIT has not included Tether (USDT) in the USD stablecoin basket yet. You can find the USDT wallet on the asset page and deposit/withdraw coins via the blockchain network.
Here at BIT, we strive to provide you with the best trading experience.
BIT Team
April 24, 2022