KuCoin Introduces New USDC Trading Pairs for XLM, TON, and ENA

KuCoin has announced the addition of new USDC trading pairs for Stellar (XLM), Toncoin (TON), and Ethena (ENA), following which all three tokens experienced modest price gains as traders reacted positively.

New Trading Pairs Details

On March 24, 2025, KuCoin disclosed their plan to add trading pairs for XLM, TON, and ENA against USDC, the second-largest stablecoin. The trading pairs will go live on March 25, 2025, with the following schedule:
– XLM/USDC: 8:00 UTC
– TON/USDC: 9:00 UTC
– ENA/USDC: 10:00 UTC

A call auction, introduced by KuCoin in 2024, will allow users to bid before the new pairs become active, helping mitigate price volatility.

Market Reactions and Performance

Stellar (XLM)

XLM has shown significant growth recently, partly due to positive momentum from related news concerning Ripple’s XRP. In the past 24 hours, its price rose 3% to over $0.28, while previously hovering just under $0.26. Analysts suggest if XLM breaks above $0.30, it might retest highs near $0.36, having reached $0.51 earlier in the year.

Ethena (ENA)

Ethena (ENA) saw impressive gains, jumping nearly 8% in the past day and recording highs of $0.39, driven by developments surrounding its meme launchpad, Pump.fun, which introduced a new DEX, PumpSwap.

Toncoin (TON)

Conversely, Toncoin (TON) remained stable, trading at approximately $3.66, still struggling near key resistance levels.

In summary, the announcement of the USDC trading pairs by KuCoin has positively impacted the prices of XLM, TON, and ENA, with particular gains seen by ENA.