Binance, the world’s largest cryptocurrency exchange, announced that it will add six new spot stablecoin trading pairs after the crises.
Binance announced in a recent statement that it will support six different spot stablecoins. This statement by Binance was made yesterday. Silicon Valley Bank (SVB) bankruptcy And USDC issuer CircleIt came after the crisis-creating statements of .
In the statement, the new pairs to be added Bitcoin/TUSD, TUSD/USDT, USDC/USDT, USDP/USDT, Binance Coin/TUSD And Ethereum/TUSD will be stated. Binance, until further notice, will be deducting these pairs will not charge a transaction fee stressed.
On the other hand, the stock market March 11 as of date USDC, USDP And TUSD for deposits BUSD Automatic Conversion He announced that he stopped:
Users wishing to convert their BUSD balance to USDC or USDP at a ratio of 1:1 can do so manually via Binance Convert until 2023-03-18 09:00. Users wishing to convert their BUSD balance to TUSD at a ratio of 1:1 can do so manually via Binance Convert until further notice. Note that manual conversions can only be made from BUSD to TUSD, USDC or USDP on the conversion portal, not the other way around.
Yesterday, Circle announced the bankruptcy of Silicon Valley Bank at TSI. 3.3 billion dollars The crisis, which took place after he announced that he was affected, also spread to the crypto money markets. USDC dollar loses stability.
The deterioration of the dollar stability of the world’s second largest stablecoin has led investors to panic. 1 to 1 USDC:USD facility at the time coinbase flocking investors caused the stablecoin transactions on the exchange to be temporarily suspended. These new listings by Binance are the stablecoins on the market. part of the work done to improve the reliability can be interpreted as