Binance to List ETH-Collateralized Stablecoins

To LQTY Listing

On February 28, Binance, a major crypto asset (virtual currency) exchange, began trading Liquity (LQTY). LQTY skyrocketed following the announcement.

It went public at 8:00 last night and is trading on two pairs, LQTY/BTC and LQTY/USDT.

Source: dextools

Liquity is a decentralized borrowing platform that accepts Ethereum (ETH) as collateral and lends the stablecoin LUSD. LQTY is a utility token that plays roles such as staking and liquid mining.

Recently, the demand for over-collateralized decentralized stablecoins has been increasing again against the backdrop of tightening regulations on centralized stablecoins such as BUSD by the US SEC and New York authorities.

connection: Coinbase to suspend BUSD trading

connection: What is the virtual currency exchange Binance?

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