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Binance looks to add new stablecoins

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Oct 19, 2018 by The Passage Team
Binance looks to add new stablecoins

Binance, the world's largest cryptocurrency exchange by adjusted volume, is actively looking to list more stablecoins in addition to the three it already supports, including the recently beleaguered tether (USDT).

The Hong Kong-based exchange is expected to list a few more stablecoins on its platform. Its interest in expanding stablecoin options is seen on its support for Paxos Standard (PAX) in late September, and TrueUSD (TUSD) back in May.

Binance research team is evaluating almost all the other stablecoins on the market, with a keen eye on potentially adding the Gemini Dollar (GUSD) backed by the Cameron and Tyler Winklevoss.

Source: Coindesk

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