Binance Is Launching a Marketplace for Stablecoins

The largest cryptocurrency exchange, according to the rating of the CoinMarketCap, creates an integrated market for trading stablecoins. The first coin backed by a fiat currency is going to be USDT (Tether).

As stated in the official blog of Binance:

Binance has renamed the USDT Market (USDT) to now be a combined Stablecoin Market (USDⓈ). This is to support more trading pairs with different stablecoins offered as a base pair.”

The management of Binance also announced its plans for adding more stablecoins to the market, with a special focus on the coins pegged to the currencies different from the US dollar.

We remind you:

Almost 13 Million Tether Coins Were Transferred to Bitfinex

Subscribe to The Coin Shark news in Facebook: