Binance Adds 4 New Trading Pairs for Tether and Ripple (XRP)
Binance has announced the launch of new trading pair options for Ripple (XRP) and Binance Coin (BNB) as well as three new Tether (USDT) pairs.
Tether (USDT) can now be traded with IOTA, Stellar Lumens (XLM) and fellow stable coin TrueUSD (TUSD). I don’t really see the logic behind trading a stable coin for a stable coin, but whatever floats your boat.
As twitter user Mai Kel commented, “TUSD/USDT? That will be fun xD”, amongst other rather funny replies to their announcement tweet:
— Binance (@binance) May 31, 2018
The announcement follows an ever-growing list of coins on Binance, including most recently Theta Token (THETA), Civic (CVC) and trading pairs for EOS/BNB and EOS/USDT.
Tether has been in discussion lately over controversy regarding whether or not it is truly backed by the US dollar. It seems to maintain its $1 listing on CoinMarketCap however, with a market valuation of just over $2.5 billion.
With Binance being one of the world’s biggest cryptocurrency exchanges, XRP might see some positive price movement from its XRP/BNB pairing. It maintains its 3rd place position under Bitcoin and Ethereum at $0.61.
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