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Binance has just announced that it would add some new pairs of USD coins. Both Ripple's XRP and Stellar (XLM) will have pairs of USD coins in addition to existing stablecoin pairs. This entails the cancellation of all existing transactions in the current two USD markets: USDC / BNB and BTC / USDC.
Binance has faced the negotiations in the tangential markets:
"Note: The existing USDC / BNB and USDC / BTC trading pairs will be removed and removed from the list at 12/18/12/16 at 3:00 am (UTC) .All currently all orders in each order backlog will be canceled."
XRP and XLM get new liquidity
Both XRP and XLM have already been listed compared to PAX, USDT and TrueUSD. Now, they will have an additional fiat trading pair in USDC. Currently both coins are very far from their historical maximum.
These two coins have basically started with similar technologies, but the Stellar project prefers to be considered a peer-to-peer payment protocol. Ripple prefers to keep concentration on institutional bank and banking movements across borders, while filling the gaps currently present in the financial world.
These types of friction were created using intermediate and other banks, but with the birth of blockchain technology can be eliminated.
#Binance is pushing for blockchain adoption and is doing many things to help the industry progress. For example. we will have the Binance chain ready in the coming months, on which millions of projects can easily generate counters. @cz_binance @ForbesAsia #ForbesBlockchain pic.twitter.com/0pc0r1lXd2
– Binance (@binance) December 4, 2018
Binance launched his blockchain
In other news, in a new post on Medium, Binance announced the migration of its digital asset Binance Coin (BNB) from the Ethereum network to its blockchain, Binance Chain.
Binance announced that "the details on when Binance Coin will switch from the ERC20 to the native binary asset will be revealed soon."
Binance said the new blockchain will also support Binance DEX, the decentralized exchange currently being processed.
Binance CEO Changpeng Zhao still believes that Ethereum is too slow for mass adoption.
"Although this criticism has long been criticized by Ethereum, CZ claims that any blockchain designed for general smart contracts (such as current competitors) will not be fast enough," Zhao said in August at Fortune.
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