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Binance.US Support for IOTA and BUSD Goes Live As Stablecoin Adoption Picks Up Steam

by Daily Hodl Staff
October 22, 2019
in Trading

Users on Binance.US, the newly launched US division of leading crypto exchange Binance.com, can now trade BUSD (BUSD), the company’s US dollar-backed stablecoin, and IOTA (IOTA).

According to the announcement, Binance.US supports trading pairs BUSD/USD, BTC/BUSD and IOTA/USD starting today.

The US-based exchange has also adjusted its no-fee ACH limits to $30,000 for USD deposits and withdrawals. The exchange says that all deposits will be held for 10 days before users can make withdrawals.

BUSD, Binance’s stablecoin that was launched in collaboration with digital asset infrastructure development company Paxos and received approval from the New York State Department of Financial Services last month, is now expanding its reach in Istanbul and Dubai through new support on Coinsfera, an exchange that allows users to instantly purchase major cryptos with cash.

As supporter of the #Binance ecosystem, Coinsfera continues to add more #BEP2 tokens to our offering.$BUSD is now accepted in both #Coinsfera’s Dubai and Istanbul offices!

For a stable coin, we recommend #BUSD to our loyal customers! pic.twitter.com/Gsk11lG7Tj

— Coinsfera (@coinsferaglobal) October 22, 2019

Developers of Rupiah Token, a project that focuses on promoting the global acceptance of a blockchain-based Indonesian Rupiah, are also unveiling a use case for BUSD.

Users can now trade USD (BUSD)/Rupiah Token (IDRTB) as the first stablecoin forex trading pair on Binance DEX, a leading non-custodial crypto exchange.

@Binance USD (BUSD)/ Rupiah Token (IDRTB) has become the first Stablecoin Forex Trading Pair on @Binance_DEX!

Trade now athttps://t.co/V5vrf1Flx3

Read more: https://t.co/BPmeveGC4i#IDRT #Stablecoin #BUSD #Binance

— Rupiah Token (@RupiahTokenIDRT) October 22, 2019

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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