Bitcoin Binance will add new stablecoins.

Home » ALTCOINS » Bitcoin Binance will add new stablecoins.
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.

  • bitcoinBitcoin$3,997.92
  • ethereumEthereum$136.83
  • rippleXRP$0.310850
  • tetherTether$1.00
  • eosEOS$3.65
  • stellarStellar$0.107665
  • litecoinLitecoin$60.66
  • cardanoCardano$0.063878
  • tronTRON$0.024033
  • moneroMonero$52.22
  • iotaIOTA$0.311522
  • nemNEM$0.050595
  • dashDash$90.40
  • neoNEO$9.30
What is Bitcoin?
The cryptocurrency industry is becoming more and more popular all around the world. Despite the fact that there are more than 1000 different cryptocurrencies and the number keeps growing, cryptocurrency is often associated with Bitcoin. Bitcoin is the first modern cryptocurrency in the world; it attracts thousands of users and investors from different countries. Millions […]
2019-03-20 0 41
Bitcoin, Ethereum, Ripple, Monero, Dash, Tron: major differences and features
Investors see different names of cryptocurrencies and the movement of their courses, but typically don’t even know why the digital coins are so popular. Most of us have already Googled “How to buy Bitcoin” or “How to sell Ethereum”. Cryptocurencies are becoming more and more popular: Bitcoin price is fluctuating and its value is not […]
2019-03-19 0 40
What is Blockchain?
“Giving users easy access to many different kinds of digital assets on the blockchain and, particularly, tokens that are linked to assets in the real world, is crucial to seeing blockchain adoption reach the next level, and I applaud Digix Global’s initiative in being the first of many such projects to successfully launch” – Vitalik […]
2019-03-06 0 40
Anton Vokrug, the CEO of DataTrading, about the financial markets and cryptocurrencies
The topic of cryptocurrency regulation will be actual for several more years in Ukraine. The Government of Ukraine has already taken steps towards the adoption of relevant cryptocurrency-related laws. In particular, the Ukrainian officials work on the legalization of the project “The Concept of State Policy in the Field of Virtual Assets”. However, what does the regulation really mean […]
2019-02-27 0 142
© 2017–2018