Binance bitcoin exchange announced its decision to rename the USDT market to the combined stablecoin market (USDⓈ).
In a statement, the exchange said that this was done in order to add support for a larger number of trading pairs with different stablecoins as the base currency.
Binance promises to make an additional statement about which pairs will be initially moved or added to the new market in the near future.
The exchange also asks to take into account that USDⓈ is not a new stablecoin, but a symbol that Binance will use for the stablecoin market.
At the moment, only couples with USDT are represented on the USDⓈ market. To search for pairs with other stablecoins, users still need to contact the market for the corresponding cryptocurrency (BNB/BTC/ETH).
Recall, in addition to USDT Binance supports USD Coin (USDC), Paxos Standard (PAX) and True USD (TUSD). Earlier, CEO Binance Changpeng Zhao stated that he wasn't going to refuse to work with the USDT, despite the ambiguous reputation of the token issuer, Tether Limited. Last week it became known that stablecoin USDC from the company Circle successfully passed the audit.
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