Binance, a centralized cryptocurrency exchange based in Malta, has announced additional stablecoin pairings for the NEO blockchain asset. Binance listings carry significance because the exchange is widely considered to be the world’s highest-volume cryptocurrency marketplace.
NEO/PAX and NEO/USDC Markets
Binance opened NEO/PAX and NEO/USDC markets on March 27th, 2019. PAX is a centralized USD stablecoin issued by Paxos Trust Company, and USDC is a centralized USD stablecoin issued by Circle Internet Financial.
NEO now trades against the four primary stablecoins offered by Binance (Tether, TrueUSD, Paxos, and USD Coin), and becomes the fifteenth digital asset to do so on the exchange.
Binance’s market announcement can be read in full at the following link: