Binance, the largest cryptocurrency exchange in terms of trading volumes, has added a new trading pair for the Turkish lira (TRY) and the Russian ruble (RUB), according to an official announcement on Dec. 25.
Binance users can now trade Tether (USDT) against the Turkish lira (USDT/TRY) and the Russian ruble (USDT/RUB). Trading for the new pairs on Binance was opened on Dec. 25 at 8:00 AM UTC.
In addition, the exchange has added order book trading for all of its Turkish lira trading pairs: BTC, ETH, XRP, BNB, BUSD, and now USDT. Previously, these trading pairs were only available as one-click buys or sells directly to and from the exchange.
As previously reported, Binance has aunched a dollar-backed stablecoin in the U.S, dubbed Binance USD (BUSD).
The Binance stablecoin, launched in partnership with the Paxos Trust Company has received the approval from the New York Department of Financial Services (NYDFS). The coin will be backed by U.S. dollars on a 1:1 ratio, according to a press release.