In the cryptocurrency market, we probably have the beginning of a new speculative bubble. The time of surprises from the Polish stock exchanges has also begun. BitBay just informed us that a new pair will appear on his digital asset trading platform – XRP / USDT!
XRP / USDT on BitBay
“We are pleased to announce that next Wednesday (9/12/2020) a new market will be available on our exchange, namely XRP / USDT.
We also want to remind you of our special trade-related action tokens Tether. For 10 more days, that is until December 13, a 0% commission applies on all USDT markets. “
– informs the stock exchange.
Tether on BitBay
Poland cryptocurrency exchange Bitbay.net recently introduced support for the most popular stablecoin – Tether (USDT). The new coin can be traded against Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Chainlink (LINK).
On USDT markets, lower transaction commissions were set, amounting to:
- 0% – commission maker
- 0.1% – commission taker.
The debate on stablecoins
Yesterday, the stock exchange also organized a debate on the future of stablecoins.
As the stock exchange notes, “Recently, more and more has been said about the potential of stablecoins. Last month, the UK announced upcoming regulatory proposals for stablecoins and ongoing research on CBDC. Interest in this subject is growing. “
The company also added that “The more, we are pleased to invite you to a discussion on the future of stabelcoins, which will be tomorrow on 04/12/2020 at 19:00 will be held on ours Facebook profile. We will also publish the transcript of the conversation on our website channel on Youtube. “
The meeting was led CEO BitBay, Sylwester Suszek, and its special guests were:
- Patryk Kempiński
- Jakub Mościcki
- Mike Satoshi.
The idea behind stablecoins is simple. Almost from the very beginning of Bitcoin, cryptocurrency critics have noted that their rates are too volatile for BTC to become a payment unit in retail. Although the recent decision of PayPal, which allows you to pay for services and products in BTC (and other “volatile” digital currencies), somehow refutes the above myth, it does not change the fact that stablecoins, i.e. cryptocurrenciesbacked by fiat currencies have become part of the market blockchain and there is no indication that it will change.