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Cryptoknowmics 2022-06-10 10:06:56

Binance Introduces Free Stablecoin Conversion

In a tweet made on the 10th of June, 2022, on its official twitter handle, Binance informed its users about the free stablecoin conversion. Subsequently, stablecoins like Tether(USDT), US Dollar coin(USDC) and Binance USD(BUSD) can now be swapped without any fees. This move is seen as a way to improve the trading experience for users on its platform. This new feature would lead to cost savings for users who carry out larger trades. The Binance Convert feature has been added to the platform with it’s interphase simplified. Enjoy better conversion rates with zero fees when trading stablecoins through #Binance Convert! Read more ⤵️https://t.co/FQd67G5Kc3 — Binance (@binance) June 10, 2022 Why are Stablecoins Important? Binance currently has three major stablecoins; Tether(USDT), US Dollar coin(USDC) and Binance USD(BUSD). Stablecoins are those cryptocurrencies whose value is pegged to another asset. They ensure that the value of its adjoining asset is properly monitored. Stablecoins often have their values floating around $1. Using the Binance convert feature will ensure that users have a value closer to 1USD with zero conversion fees. Trading with Binance Convert Free stablecoins conversion is a feature that will serve to improve the quotation prices among Tether(USDT), US Dollar coin(USDC) and Binance USD(BUSD) currency pairs. The binance convert feature has been added to the binance homepage in its navigation bar. Binancians c...

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Binance Introduces Free Stablecoin Conversion

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