Binance CFO Says Crypto Exchange Looking 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).

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).

“We hope to be able to list a few more stablecoins on our platform,” chief financial officer Wei Zhou told CoinDesk Thursday.

But that does not mean the Hong Kong-based exchange is souring on USDT, which lost its paritywith the U.S. dollar on Monday and has yet to fully recover, trading at $0.976 on Thursday.

“As a whole, we believe things will even out. We will continue to support USDT,” Wei said.

Indeed, Binance’s interest in expanding its stablecoin options predates tether’s breaking of the buck. The exchange added support for Paxos Standard (PAX) in late September, weeks before USDT lost parity, and TrueUSD (TUSD) back in May.

Click here to see more.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: