LQTY, the native token of stablecoin lender Liquity, has risen by 35% after being listed on Binance’s innovation zone.
At the time of writing, LQTY is trading at a 10-month high of $1.82 as trading volume has surged by 382%, according to CoinMarketCap.
Bitcoin (BTC) and tether (USDT) trading pairs will go live on Binance at 11:00 UTC on Tuesday along with a USDT derivative pair.
The token experienced a 45% price hike earlier this month after New York regulator (NYSDFS) ordered Paxos to stop minting its centralized dollar-pegged cryptocurrency BUSD.
Liquity is an Ethereum-based protocol that offers interest free loans in the form of the LUSD stablecoin for users that deposit ether.
The protocol currently has $596.07 million in total value locked (TVL) according to DeFiLlama.
