Binance.US Support for IOTA and BUSD Goes Live As Stablecoin Adoption Picks Up Steam
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.
— 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.
Trade now athttps://t.co/V5vrf1Flx3
— Rupiah Token (@RupiahTokenIDRT) October 22, 2019