PANews, May 19: According to SolanaFloor, Pump.fun, the Solana meme coin launch platform, will enable USDC trading pairs for newly issued tokens starting May 21, while maintaining its existing SOL trading pair. All previously bonded-curve tokens will be migrated to the AMM PumpSwap, paired with SOL, and permanently burned. According to DefiLlama estimates, approximately 5.07 million SOL, valued at over $430 million, have been locked and removed from circulation since January 2024. With the shift to USDC, Pump.fun’s revenues will primarily be settled in stablecoins, eliminating the need to convert SOL fees into stablecoins.
Pump.fun to Enable USDC Trading Pairs for New Tokens Starting May 21
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Summary
According to crypto news from PANews, Pump.fun will launch new token listings with USDC trading pairs starting May 21. New tokens will no longer be paired with SOL, although existing pairs will remain active. Previously, tokens with completed bonding curves were moved to PumpSwap and paired with SOL before being burned. Since January 2024, over 5.07 million SOL, worth more than $430 million, has been locked. The transition to USDC aims to settle revenue in stablecoins, reducing the need to convert SOL fees.
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