The Binance cryptocurrency exchange team announced that it was going to open a trade with three new pairs of steylcocoins :
- PAX / TUSD,
- USDC / TUSD,
- USDC / PAX.
The launch of trading will begin on January 8, 2019 at 4:00 AM (UTC).
According to the Coinmarketcap analytical portal, the 5 major steylcoin often show a 1 cent deviation from the dollar. This 1% price difference can be used to trade between them.
#Binance Will Add PAX / TUSD, USDC / TUSD and USDC / PAX Trading Pairs https: //t.X/LLGtp5Lz pic.twitter.com/OxlhvcrMC4
– Binance (@binance) January 7, 2019
Adding more stablecoins to the platform should provide greater liquidity of virtual currencies.
Some crypto enthusiasts believe that the transition to a combined market using trading pairs with steylcoins is a way to attract institutional investors who doubt Tether (USDT) to the Binance trading platform.
Binance for its part seeks to satisfy the needs of traders who need more options for withdrawing funds.
Traders note that dollar-linked steakbinks sometimes deviate from the $ 1 mark. A vivid example of this is the appearance of fake news that Binance will remove Tether (USDT) from the platform due to the possible bankruptcy of the bank that was used to store Tether’s dollar reserves .
These rumors led to a drop in the USDT of about 5% to a value of $ 0.95.
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