BLOCKCHAIN CRYPTOCURRENCY

Bitcoin Binance will add new stablecoins.

Binance, the largest cryptocurrency exchange, is considering the possibility of adding new stablecoins in addition to the three “stable coins” already presented on the platform.

“We hope to be able to add a few more stablecoins to our listing,” – said Wei Zhou, financial director of the exchange, in a conversation with the publication.

At the same time, he noted, the new initiative does not mean the loss by the company of confidence in the most popular stablecoin Tether USD (USDT). The latter has not yet restored parity with the US dollar and is currently trading at around $ 0.98.

“We believe that everything will go back to normal. We will continue to support USDT, ” – he added.

Binance began to show significant interest in the stablecoins even before the dramatic events around Tether. So the largest exchange in terms of trading volume added support for Paxos Standard (PAX) at the end of September. A stablecoin TrueUSD (TUSD) was added to the Binance listing in May.

Wei also said that the Binance research team is currently analyzing almost all of the stablecoins on the market. At the same time, he said, that the next “stable coin” in the listing of the exchange will be Gemini Dollar (GUSD), that supported by Winklevoss brothers.

We note that the above-mentioned “new stablecoins” also lost parity with the US dollar. However, unlike the USDT, they all bargain slightly above $ 1.

“We truly believe that this stablecoin is a factor that is now crucial for our ecosystem” – Wei said about Tether.

Binance had to suspend for some time the possibility of withdrawing USDT in this week, , the volatility of which increased abnormally amid the growth of massive sales of this coin. According to Wei, the panic was caused by the “spreading false rumors” about Tether.

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BLOCKCHAIN CRYPTOCURRENCY


Bitcoin Binance will add new stablecoins.

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