Binance will list stablecoin StableUSD (USDS) tomorrow

01 Feb, 2019 | Updated: 01 Feb, 2019
by Alberto Arnaldo
Binance will list stablecoin StableUSD (USDS) tomorrow

Adding up to the likes of USDT, TUSD, PAX and USDC, a fifth stablecoin will make its way into Binance trading pairs, starting on the second day of February.

Much like when XRP pairs were added into the ETH tab and it had its name changed to Alts, the influx of new stablecoins led to the renaming of the USDT Market to Stablecoin Market.

Now, USDS will be added into the Changpeng Zhao-led exchange. Actually deposits are already possible, in anticipation for tomorrow´s trading. The trading pairs available per the latest announcement will be BNB/USDS and BTC/USDS.

USDS is a stablecoin designed to be pegged on a one to one ratio with the U.S. dollar (1 USDS = $1 USD). A mention towards caution if the price deviates from such ratio is included in Binance’s announcement.

The press release from Binance also mentions that USDS has engaged a top-ranking auditing firm (unclear if one of the big four) to conduct quarterly audits and release balance attestations on a weekly basis of the USDS and USD balances.

Read more: A promising Q1 ahead... What's next for Binance and BNB?Binance expands stablecoin offerings with new trading pairs for LTC and TRX

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Do we need more stablecoins?

(38 votes)

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I do not know how using any new stablecoins after all the negative news. I'm scared to hold anything other than the proven USDT
03 Feb, 2019 - 18:05
I agree i don't see anything much better than Tether for trading now.
03 Feb, 2019 - 20:33
very unpredictable news from binance. i'd afraid of collaboration with circle on place binance CEO but it was his own choice and risk
03 Feb, 2019 - 21:43
Hm, didn't know that stablecoins ar in such a big demand. Have never heard about this "stable" coin. Although I have heard about gusd and it does not seem very trustworthy. But Binance has to have those just because of the demand.
04 Feb, 2019 - 16:13
Guys check please a market cup. Tether has the top 4 place and it means that USDT is the best stablecoin. Why looking for smth else?
04 Feb, 2019 - 17:14
i thought that binance management is rather clever not to list usdc but i was wrong
04 Feb, 2019 - 20:39
binance has to delist usdc before it's too late
04 Feb, 2019 - 21:19
please don't do that
please don't list usdc
04 Feb, 2019 - 21:33
i expected better about binance before reading these news with usdc
05 Feb, 2019 - 19:14
instead of delisting all start to list this shitcoin usdc
05 Feb, 2019 - 21:05
It looks strange. like usdc peys exchanges for listing it
09 Feb, 2019 - 09:12
the good news should be 'binance sends the circle to hell '
05 Feb, 2019 - 21:28
Binance does very risky decision when listing such unreliable stablecoins like TrueUSD and and PAX. definitely there are not secured financially at all
09 Feb, 2019 - 11:20
BTC/USDS this one and would love to see USDT/USDS
26 Feb, 2019 - 14:54

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