Introduction

We were all watching Steem pump as high as 80% yeaterday 21/4/2022 and everyone was really pleasnatly surprized what was going on. A few friends even suggested this was some artificial pumping, with no real project responsible for the growth in Steem value sharply. It was this morning that I got the notification from @steemitblog twitter handle and when I opened it, I was excited again - now with a reason. So friends, I am delighted to announce that USDT has been paired with Steem and listed on Binance, the number one crypto exchange platform. This is some great news, isn't it? Here are some reasons why you should be as excited as me about this new milestone.

Announcement Tweet

Steem/USDT listing on Binance - Why we are excited

There are many reasons why this is great news. Here are a few of them

1. Market Capitalization of USDT: The market capitalization of any coin determines how solid it is. Coins with larger market capitalization are trusted more by investors because they are likely to grow faster than ones with small market capitalization. So when considering the cryptos to invest in, traders check to see that it has sufficient market capitalization. Now considering that USDT is one of the few coins with a very large market capitalization, will make investors more confident of Steem in this Steem/USDT Binance listing.

According to Coin market cap as at today, USDT has a market capitalization in excess of $85 billion. You can check the screen grab below. That is massive. that is a big reason why USDT is well respected in the crypto market. Having such a valued coin paired with Steem, in addition to BT and ETH pairs already traded on Binance represents a huge success for the Steem market and the entire community.

USDT Coin Market Cap

2. Stable Value Coin: USDT is one of the few stable-value cryptocurrencies available in crypto space. Being a stable coin means that its value is always matching that of the US dollar. The volatility of cryptocurrencies is one of the reasons investors fear using them as a long term store of value. But USDT has always been designed to withstand the constant movement of crypto prices in the market. So the pairing and listing of Steem with USDT will represent a way to directly trade steem with a coin whose value is not always fluctuating. Investors and traders would now see another reason to invest in steem. They are always assured of being able to get back the value of their investments by having this option to swap to USDT when the market is going down.

Screenshot from my Binance App

3. Project for Marketing Listing of a coin pair on an crypto exchange platform - on Binance the most popular crypto exchange - is certainly big time marketing. Here are some of the benefits this Steem/USDT listing on Binance will surely bring to the Steem Project:

• Industry Approval: A popular way to boost the credentials of any coin is to be listed on an exchange platform. Binance the number 1 exchange platform is well respected in the crypto space. Any coin that makes it to be listed and traded on Binance is as good as accepted in the crypto market. Steem as a coin is popular and already paired with BTC and ETH. This additional Steem/USDT pairing is a welcome development to boost its credibility in the market.

• Large Crypto Community Awareness: Binance has a very large userbase. The crypto community on Binance is certainly one of the largest. Adding the Steem/USDT pair is an important publicity project to the

• Price Pump: Like i said earlier, we were all watching in excitement as the price of Steem pumped up to 80%. We thought it was some artificial pumping which usually is not sustained. I was even surprised to see the price increase sustained many hours after the initial price increase. When I saw the announcement on Twitter this morning, it now became evident that this is not some manipulated price pump. Actually, listing on a popular Exchange platform like Binance will certainly affect the price of any cryptos positively. We are really eager to see the price increase sustained, and even surpassed. We are actually hoping that Steem will soon equal 1 USD.

Conclusion

Adding this Steem/USDT pair in addition to Steem/BTC and Steem/ETH is a great way to make a statement about the Steem project. This is no joke, we mean serious business. A big than you to the Steemit team for working hard in silence and achieving this commendable feat. We will continue to support efforts like this, designed to take Steem beyond the moon.

Thank you so much Team. We look forward to more positive developments and will continue to work hard to get to where we are going!