Binance adds four additional stablecoin-to-stablecoin trading pairs

With the new markets, Binance will now have eight trading markets for stablecoin-only pairs, including TUSD, USDT, USDC, and PAX

Binance has added trading support for four new stablecoin-only pairs, providing markets for USDS/USDT, USDS/PAX, USDS/TUSD, and USDS/USDC.

Currently, the exchange operates four stablecoin-only markets for TUSD/USDT, USDC/PAX, USDC/TUSD, and USDC/USDT. The four markets support coins that are all pegged at $1 with a volume of close to $10 million a day.

The four new stablecoins that have been listed by the exchange also represent four of the top US dollar stablecoins that are available today in terms of market cap. According to data on Stablecoin Stats, we can see that these four projects have a combined market cap of over $2.5 billion. However, it must be said that Tether (USDT) still dominates this market with over $2 billion of that market cap.

In the official announcement, Binance said that it will open trading for the new pairs at 10AM (UTC) on February 14th.

For more cryptocurrency news, guides, and analysis, click here.

 

Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.

Previous Article

Till death do us part - What the QuadrigaCX collapse means for crypto security

Next Article

How could blockchain drive a sustainable future?

Read More Related articles