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Loopring Allows Users to Swap Between USDC and USDT

Twitter icon  •  Published 7 months ago on May 14, 2024  •  Hassan Maishera

The Loopring team announced via X on Monday that users can now swap between $USDC and $USDT with deep CEX liquidity from the security of their self-custodial wallet.

Loopring Allows Users to Swap Between USDC and USDT

The Loopring team announced via X on Monday that users can now swap between $USDC and $USDT with deep CEX liquidity from the security of their self-custodial wallet.

This feature was available thanks to Block Trade on Loopring L2. Users can access this feature by connecting any Ethereum wallet to the Loopring Pro web DApp. 

Loopring aims to build an open protocol for scalable, non-custodial, order book-based exchanges on Ethereum by leveraging zero-knowledge proofs. LRC, Loopring’s native token, is up by 5% today and is trading at $0.2457 at press time.

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.