Binance will change USDT Market to Combined Stablecoin Market (Chance for Bitshares and Steem?)

in steem •  5 months ago

We all know on dumps stable coins are the stuff. No matter what you say, USDT is king of them with biggest amount and liquidity. There is plenty others but it will take them loads of time to get similar size and also they all battle for same market - 1:1 USD ratio.

Binance loved 1 USD coins and added a few - PAX, TUSD. ANd theres plenty HUSD or USDC, GUSD etc.

Now they speak of making a market with all of them and possibly even others.

image.png

As we can read, they did not mention what will be used and since they are well aware of BTS we could guess they will add bitUSD and STEEM.. maybe SBD>?!

Surely worth watching as i bet sooner or later this 2 coins will be there if not on launch then later.

SBD Markets

image.png

bitUSD Markets

image.png

Binances USD Market

image.png


CRYPTO INCOME GUIDE EBOOK - FREE FOR LIMITED TIME - DOWNLOAD HERE

Join My Official Discord Crypto/Steemit Group - https://discord.gg/Ma3VCxj

Follow, Resteem and VOTE UP @kingscrown creator of http://fuk.io blog for 0day cryptocurrency news and tips!

.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Very interesting, but right now both stablecoins BitUsd and SBD are in trouble. SBD lost its 1 dollar peg and BitUsd can't be used as a collateral anymore on BTS.
Matter of fact the Bitshares Blockchain is down due to Global BitUSD Settlements!!!

Posted using Partiko Android

·

hence i said chance - work needs to be done heh..

·
·

I will bet you...if bts gets listed I will send you 0.1 bitcoin... if bts does not get listed upon their announcement then I get 100 sp .... deal? hahaha

·
·
·

the bet is set..

BTS is listed already on binance.... so i assume ill get 0.1 BTC soon =]

1QH24q1gxhiVAza4Vphe9AqHyjctCU2jye

·
·

Right, I'm just saying what a bad timing for those two stable coins.

Posted using Partiko Android

·
·
·

sadly i agree, hence i thought i could kickstart some people with this post!

·

This is all temporary though.

Once the price goes up, collateral will start working again for bitUSD.

And they are currently working on fixing the blockchain.

·
·

Bitshares is working again but I can't access my open ledger steem account are they down again?

Posted using Partiko Android

·
·
·

Right. I have the same problem. On their new website is no way to log in your account. Any news?

Steem dollar is too volatile to be considered a stable coin, imo.

Very interesting move. I wonder how this new market is implemented.

Omg this would be amazing news for both Bitshares and Steem if this happens :)

Posted using Partiko Android

🏆 Hi @kingscrown! You have received 0.1 STEEM reward for this post from the following subscribers: @cardboard
Subscribe: automatically support your favourite steem authors :)

So if tether goes out? God forbid no-the market will crash so bad...
Binance pays the tether out of its own pockets?

·

looks like they are preparing for it... slowly but preparing

Would love if this happened!! Fingers crossed.

Looking forward to day BITUSD and Steem dollar become the preferred stablecoin. Not big fan of Tether

Hi @kingscrown!

Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your UA account score is currently 7.295 which ranks you at #63 across all Steem accounts.
Your rank has improved 1 places in the last three days (old rank 64).

In our last Algorithmic Curation Round, consisting of 271 contributions, your post is ranked at #11.

Evaluation of your UA score:
  • Your follower network is great!
  • The readers appreciate your great work!
  • You have already shown user engagement, try to improve it further.

Feel free to join our @steem-ua Discord server