The Binance buzz is back in action!
Here's the scoop:
Talk about a rollercoaster ride! XUSD went on a wild 80% surge, hitting $1.80, before settling back to its stable $1 mark, as it’s meant to mirror the US dollar.
So, what's the big news? Binance, the titan of crypto exchanges, revealed it's adding StraitsX USD (XUSD) to its lineup on March 19. Crypto enthusiasts can dabble in XUSD/USDT trading, kickstarting with a zero-fee party.
When Binance throws its weight behind a digital asset, things usually get exciting. And boy, did XUSD get a boost! It rocketed up almost 80% post-announcement. But as a stablecoin tied to the US dollar, it eventually chilled out back to $1.
Binance describes XUSD as a bridge between the digital and traditional financial worlds, offering swift transactions while riding on the stability of the almighty dollar. This nifty asset is not just for payments—it’s great for cross-border transfers, on-chain trading, decentralized finance (DeFi), corporate treasury, and merchant dealings too!
But not everyone is ecstatic. Some folks were hoping to see Pi Network’s native token make its debut on Binance. After launching its Open Network on February 20, PI got cozy with exchanges like Bitget, OKX, and MEXC.
Rumors swirled that Binance might hop on the PI train too, especially after a community vote showed a whopping 86% support for it. Yet, Binance remains hush-hush. If PI ever gets the nod, it could boost its visibility and liquidity, potentially lifting its price. Right now, PI sits at around $1.37, a bit lower than it was two weeks ago.
Stay tuned for more crypto adventures!
