# Crypto exchange Binance renames USDT Market to combined Stablecoin Market By Shampa Mani Canonical URL: https://www.tokenpost.com/news/investing/802 Published: 2018-11-27T06:27:31.000Z Updated: 2018-11-27T08:00:40.000Z Section: Insights & Views > Binance, the world’s largest cryptocurrency exchange in terms of 24 trading volume, has renamed the USDT Market (USDT) to now be a combined Stablecoin Market. [Binance](), the world’s largest cryptocurrency exchange in terms of 24 trading volume, has [renamed the USDT Market]() (USDT) to now be a combined Stablecoin Market. The symbol of the new stablecoin market is USDⓈ. Binance Updates USDT Market to Combined Stablecoin Market (USDⓈ)[https://t.co/nmRkFWhbMc]() [pic.twitter.com/LHnqEkrwkV]() — Binance (@binance) [November 26, 2018]() Binance said that it has renamed the USDT Market to “support more trading pairs with different stablecoins offered as a base pair.” The exchange [added the USDT market]() last year with the launch of BTC/USDT and ETH/USDT trading. “Tether USDT is a cryptocurrency asset issued on the Bitcoin blockchain via the Omni Layer Protocol. Each USDT unit is backed by a U.S Dollar held in the reserves of the Tether Limited and can be redeemed through the Tether Platform.” In the past couple of months, Binance has launched PAX/USDT, XRP/USDT, XLM/USDT, IOTA/USDT, TUSD/USDT, ETC/USDT, ADA/USDT, NEO/USDT, VEN/USDT, BNB/USDT, TRX/USDT, LTC/USDT, ICX/USDT, ONT/USDT, EOS/USDT, QTUM/USDT, NULS/USDT, and BCC/USDT trading pairs. ## Links in this article - [Binance](https://www.binance.com/en) - [renamed the USDT Market](https://support.binance.com/hc/en-us/articles/360020203991) - [https://t.co/nmRkFWhbMc](https://t.co/nmRkFWhbMc) - [pic.twitter.com/LHnqEkrwkV](https://t.co/LHnqEkrwkV) - [November 26, 2018](https://twitter.com/binance/status/1067027309486473218?ref_src=twsrc%5Etfw) - [added the USDT market](https://support.binance.com/hc/en-us/articles/115001094331-Binance-Will-Add-USDT-Market-Soon-Updated-)