Binance Announced Launch of Combined Stable Coin Market


As it became known on November 26, the cryptocurrency company Binance decided to change the name of its market Tether (USDT). According to the data, the service is called the combined market of Stablecoin, which will give the platform the opportunity to sell a larger number of stable coins.

Also, the company noted that the new service is not a new stable coin, but represents the embodiment of a new market of stable coins Binance. Representatives of the company said that more accurate data on available coins will be made public later.

This step follows the announcement on November 15 that Binance will begin to transfer the Circle bond company, pegged to the US dollar, with a USD (USD) coin. Prior to this, Binance added support for Paxos USD-linked assets, called PAX and TrueUSD (TUSD).

We remind you that earlier this month, Binance also reported that a stable coin of the Circle payment system supported by the dollar will now be available on the platform. Also, Binance provided support for the assets of Paxos, known as PAX and TrueUSD.

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