Crypto exchange Binance renames USDT Market to combined Stablecoin Market
Nov 27, 2018 06:27 am UTC
The symbol of the new stablecoin market is USDⓈ.
Binance said that it has renamed the USDT Market to “support more trading pairs with different stablecoins offered as a base pair.” The exchange added the USDT market last year with the launch of BTC/USDT and ETH/USDT trading.
“Tether USDT is a cryptocurrency asset issued on the Bitcoin blockchain via the Omni Layer Protocol. Each USDT unit is backed by a U.S Dollar held in the reserves of the Tether Limited and can be redeemed through the Tether Platform.”
In the past couple of months, Binance has launched PAX/USDT, XRP/USDT, XLM/USDT, IOTA/USDT, TUSD/USDT, ETC/USDT, ADA/USDT, NEO/USDT, VEN/USDT, BNB/USDT, TRX/USDT, LTC/USDT, ICX/USDT, ONT/USDT, EOS/USDT, QTUM/USDT, NULS/USDT, and BCC/USDT trading pairs.
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