Binance is Launching a Dollar-Backed Stablecoin
Cryptocurrency Exchange Binance is going to launch a dollar-backed stablecoin in the US with approval from the New York Department of Financial Services (NYDFS).
Cryptocurrency Exchange Binance is going to launch a dollar-backed stablecoin in the US with approval from the New York Department of Financial Services (NYDFS).
Crypto Exchange Binance’s open blockchain project dubbed “Venus” is an initiative to develop stablecoins and assets pegged to fiat currencies.Â
Binance opens up to explain the motivations behind Behind X, citing first, their “long-term mission to provide infrastructure to enable the freedom of money.”
In a tweet, Binance CEO Changpeng ‘CZ’ Zhao confirmed the inclusion of the exchange’s app to Apple’s App Store while also stating that the process for getting to Apple’s had been difficult.
Other exchanges such as Poloniex and Huobi also announced their support for the ethereum-based USDT, claiming that withdrawal and deposit processes are faster.
It will first support BTC/USDT Futures before rolling out to more pairs in the future.
As IEO’s continue to be a popular form of investing in token sales, now would be a good time to learn the steps required to participate in what many consider to be the most popular IEO platform, Binance Launchpad.
Leading cryptocurrency exchange Binance has announced a partnership with Simplex to allow users to buy cryptocurrency on the exchange using credit card.
The CEO of a major cryptocurrency exchange, Binance, is showing optimism amidst the cryptocurrency bear market plaguing traders.
BNB can be used for payments of trading fees (discounted on Binance), hotel and flight reservations, and payment options for other app features.