This Monday, the Binance cryptocurrency exchange announced that it had decided to rename the USDT market into the combined steakcoins market (USDⓈ).
“This is done in order to add support for a larger number of trading pairs with different steklkoinkami as the base currency,” – explains the company.
The exchange promises to make an additional announcement in the near future regarding exactly which pairs will be initially moved or added to the new market.
Binance Updates USDT Market to Combined Stablecoin Market (USDⓈ) https://t.co/nmRkFWhbMc pic.twitter.com/LHnqEkrwkV
– Binance (@binance) November 26, 2018
“Please note that USDⓈ is not a new stablebcoin; This is the symbol that Binance will use for the steakblock market , ”the company adds.
The USDⓈ market has already appeared on Binance, however, at the time of publication, only couples with USDT are represented on it. To search for pairs with other stablecoins, users still need to contact the market for the corresponding cryptocurrency (BNB / BTC / ETH).
In addition to USDT, the exchange supports the following stablecoins: USD Coin (USDC), Paxos Standard (PAX) and True USD (TUSD). CEO Binance Changpeng Zhao said in the past that he was not going to give up working with USDT, despite the controversial reputation of its issuer, Tether.
