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Binance renames USDT Market to Combined Stablecoin Market (USDⓈ)

On November 26, a crypto exchange Binance announced it had renamed the USDT Market (USDT) to be a combined Stablecoin Market (USDⓈ). According to the announcement, this was made to support more trading pairs with different stablecoins offered as a base pair.

The exchange will make a further announcement on the exact pairs to be initially moved or added to this market.

Binance notes that USDⓈ is not a new stablecoin: it is the symbol of the exchange’s new stablecoin market.