Binance to add four stable coin trading pairs for Chainlink (LINK)

15 Jan, 2019
by Ryan Boltman
News
Binance to add four stable coin trading pairs for Chainlink (LINK)

Binance have announced that they will be adding four stable coin trading pairs to Chainlink (LINK) this week. 

The announcement made on twitter announced the addition of LINK/USDT, LINK/TUSD, LINK/PAX and LINK/USDC trading pairs with the already available trading pairs LINK/BTC and LINK/ETH 

The additional trading pairs means users can trade Chainlink directly to one of the fiat options available. 

The additional trading pairs will be added on 16 January 2019 18:00 UTC. 

The news comes one one week after Binance added stable coin trading pairs to assist users in switching their stable coins for any other stable coin. Binance added trading pairs for PAX/TUSD, USDC/TUSD and USDC/PAX on 8 January. 

Also Read: What are the hottest cryptocurrency trends for 2019?

Stable coins have grown in popularity over the past year following concerns that Tether was insolvent, causing the dollar-pegged digital fiat currency to plunge 20% in value. This prompted other stable coin projects to enter the market in order to create a safer, more stable market for fiat trading pairs. 

Recap: Is Tether (USDT) about to get untethered again?

Binance has since listed three additional stable coins with trading between them also available, in a bid to make exchanging crypto assets for stable coins easier.

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