Major cryptocurrency trading platform Binance has announced their plan to update the current USDT market to a combined stablecoin market (USDⓈ). In an official statement published on the exchange’s support website, the team states that this is to offer more trading pairs as base currencies on the platform.
The exchange has also clarified that the new symbol, USDⓈ, does not represent a new crypto token, but a symbol of their new stablecoin market. It also signals their plan to include more stablecoin trading pairs for popular cryptocurrencies to the platform.
“We will make a further announcement soon on the exact pairs to be initially moved or added to this market.” says the team.