Binance announced an update to all of its Tether (USDT) markets, turning them into a basket of stablecoins. The USDⓈ market pairs will take into account other stablecoins listed on the exchange - TrueUSD (TUSD) and Paxos (PAX).
Binance is yet to announce which pairs are to be included in the new market. The exchange has a USDT wallet second in size only to that of the Tether treasury. Several major digital assets see their price heavily influenced by Binance trading.
The move to bundle several stablecoins arrives after USDT lost its dollar peg on several occasions, creating confusion and price fluctuation. B...
This article appeared first on Cryptovest