Binance adds 4 stablecoin pairs, making stable coin cross-trading easier

13 Feb, 2019
by Ryan Boltman
Binance adds 4 stablecoin pairs, making stable coin cross-trading easier

Binance have announced the addition of four stable coin pairs in an effort to making cross trading of stable coins easier for traders. 

Binance have announced that they have added four stable coin trading pairs to their trading platform. 

The four pairs include USDS/USDT, USDS/PAX, USDS/TUSD and USDS/USDC. The four trading pairs will be open for trading from 10:00 AM UTC on 14 February. 

The addition of the four stable coin pairs will give users the ability to trade between stable coins, making it easier to ensure you have the stable coin of choice. 

Binance currently offers all four stable coins as trading pairs. The addition of trading pairs between the stable coins will allow users to literally swap the stable coins for the stable coin of choice. Instead of having to sell back to BTC or Ethereum for example, and re-sell into their coin of choice. 

The announcement on twitter recieved a lot of questions as to 'why' an exchange would need stable coin pairs. The pairs most likely will not be used by many, except those looking to swap stable coins to move to other exchanges. 

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Do you think stable coin pairs is a stupid idea?

(5 votes)

Add a comment

Don't see it as bad idea. A very good one may seem silly only to noobs. And noobs trade on coinbase, go there and exchange your coins four time with commissions.
13 Feb, 2019 - 20:12
I don`t think someone will choose Coinbase after Binance lists all the needed stablecoins
14 Feb, 2019 - 09:39
haha nowadays even noobs don't choose coinbase. it is one ow the worst exchanges now..
17 Feb, 2019 - 08:51
i really like the concept of stablecoins however Binance traders have to be aware that projects like PAX can be total scam and are not reliable at all
14 Feb, 2019 - 10:53
don't think pax coin is good, it has a back door, I would not trade it anywhere
14 Feb, 2019 - 15:30
i personally trust Binance a lot but sometimes it seems to me that it makes mistakes. for example offering PAX pairs is very risky, this is very unreliable scam token
22 Feb, 2019 - 13:42
And unfortunately only one pair with Tether adding of some more could be more interesting. Remaining pairs are very mediocre.
25 Feb, 2019 - 22:23
Binance is fine, this pair USDS/USDT is top
26 Feb, 2019 - 14:51
Binance understand that it's traders are really interested in stable coin and therefore opens more and more markets with tether and other tokens
26 Feb, 2019 - 18:27
Recently Binance adds great selection of coins:USDS/USDT, USDS/USDC
27 Feb, 2019 - 18:52
do you really think that USDC can be called great? only if great unsecured scam coin
09 Mar, 2019 - 10:37
i am not sure if the USDS is as reliable as for example tether. however lets see, binance lists only good tokens
04 Mar, 2019 - 16:06

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