Binance Announces Plans to Merge Stablecoin Market and Take Focus from Tether

Binance has announced plans to change its Tether-specific USDT market to a more general stablecoins collective called USDS – offering a wider range of pairs within it.

The move, announced in a blog post on the Binance site and via Twitter, will allow traders to make be exposed to a wider range of stablecoin options when searching for pairs on the exchange.

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The statement read as follows:

Fellow Binancians,

Binance has renamed the USDT Market (USDT) to now be a combined Stablecoin Market (USDⓈ). This is to support more trading pairs with different stablecoins offered as a base pair.

We will make a further announcement soon on the exact pairs to be initially moved or added to this market.

Please note that USDⓈ is not a new stablecoin: it is the symbol of Binance’s new stablecoin market.

Thanks for your support!

Binance Team.

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