8/12/2023 0 Comments Binance xrp usdt![]() ![]() A shift toward more favorable pairs, in terms of liquidity, is nothing unusual and is conducted by Binance and other large cryptocurrency exchanges constantly. XRP/USDT exchange rate was last updated on at 14:35 UTC. XRP to Tether conversion rate is calculated live based on data from multiple exchanges. 24-hour trading volumes are reported at 0.00. The move reflects Binance's commitment to providing its users with a smooth trading experience, regardless of market fluctuations or shifts in user preference. Amount 1 XRP 1 XRP 0.509527 USDT 0.509527 USDT 1 USDT 1.962605 XRP XRP/USDT is trading today at 0.509527USDT. By doing so, it ensures that users have access to stablecoins on the chains where they are most required. The exchange appears to be addressing lower demand for TRX (TRON), coupled with an increased need for liquidity on the Ethereum network. While these situations were swiftly rectified, they underscore the importance of maintaining sufficient liquidity to ensure stability.īinance's decision to swap USDT-TRX for USDT-ETH can be interpreted as a response to market dynamics. Tether (USDT), the world's largest stablecoin by market capitalization, has experienced brief periods of depegging, causing ripples of concern through the crypto market. This swap arrives against the backdrop of recent concerns regarding USDT's peg to the U.S. If you see any significant movements of USDT from our wallets today, that's why. Trade History Spot Pairs, Order Type, Direction, Order Value, Order. Binance has assured its users that their funds are SAFU (Secure Asset Fund for Users) - a phrase frequently used within the crypto community to confirm the safety of users' funds.Īfter 9:30am UTC today, #Binance will be swapping 1.25B USDT-TRX for USDT-ETH directly with the Tether team to ensure stablecoin liquidity across all chains for our users. It is important to note that such substantial movements of USDT from the exchange's wallets are part of a calculated strategy and not a cause for alarm. Get Bitcoin & TetherUS (USDT) with Binance P2P today Buy and sell Bitcoin & and make peer-to-peer trades via Your Preferred Payment Methods with the best local cryptocurrency exchange rates on Binance. The transaction, while notable in scale, is a routine measure intended to balance the needs of Binance's diverse user base. ![]()
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