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.
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