Binance, on all networks stablecoin its liquidityin order to provide Tetherwith his team $1.25 billionwill perform an exchange.
Binance made an interesting announcement today. Popular cryptocurrency exchange, today at 12.30 stablecoin liquidityHe said he would work on it.
Binance, today at 12:30, to strengthen stablecoin liquidity across all networks Tetherwill work with the team. BinanceAnd Tether, USDT-ETH$1.25 billion for liquidity USDT-TRX its liquiditywill swap.
Announcement from Binance: Funds are Safe!
Binance made an announcement because it knew that the exchange process to provide stablecoin liquidity would be reflected in the blockchain records. “If you see significant USDT movements in our wallets today, that’s why,” Binance said. He explained what he was going to do.
Binance will trade with the Tether team. In this swap, Binance will give $1.25 billion USDT-TRX liquidity and in return, it will receive USDT-ETH liquidity from Tether.
The cooperation between Binance, which is shown as the world’s largest crypto exchange, and Tether, which is shown as the world’s largest stalbecoin issuer, drew attention. The exchange asked its users not to panic against the wallet transactions that will occur as a result of the swap transaction. The exchange reiterated that user funds are safe.
In these turbulent days, Binance continues its efforts to consolidate liquidity. Previously, Binance delisted BUSD trading pairs, tying liquidity into a tight area. Soon after, Binance began stopping credit transactions in many volatile cryptocurrencies.
