Announcement that LBank adds “Stable Coins” trading zone and lists BUSD (Binance USD), USDC(USD Coin) and other stable coins

2 min readApr 21, 2021

Dear LBank users:

LBank will add a “Stablecoin” trading zone and will list BUSD (Binance USD), USDC(USD Coin) and other stable coins at 16:00 on April 21, 2021 (UTC+8), the details are as follows:

Trading Pair: UST/USDT，USDC/USDT，DAI/USDT，PAX/USDT，BUSD/USDT，HUSD/USDT

Deposit Enable: 14:00 on April 21, 2021 (UTC+8)

Trading Open: 16:00 on April 21, 2021 (UTC+8)

Withdrawal Enable: 16:00 on April 21, 2021 (UTC+8)

· About UST(TerraUSD)

TerraUSD is a scalable, profitable, and cross-chain decentralized stable currency. TerraUSD is an algorithmic stablecoin, and the minting cost is equal to the face value of the stablecoin minted-in order to mint 1 TerraUSD, only 1 USD worth of reserve assets ($LUNA) need to be burned.

Website: https://terra.money/

Blockchain browser: https://cn.etherscan.com/token/0xa47c8bf37f92abed4a126bda807a7b7498661acd

Whitepaper: https://terra.money/Terra_White_paper.pdf

· About USDC(USD Coin)

USDCoin (USDC) is a fully collateralized stablecoin against the U.S. dollar. It provides detailed financial and operational transparency, operates within the framework of the U.S. Currency Circulation Law, and cooperates with a number of banking institutions and audit teams.

Website: https://www.centre.io/

Blockchain browser: https://cn.etherscan.com/token/0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48

Whitepaper: https://www.centre.io/pdfs/centre-whitepaper.pdf

· About DAI(Dai Sablecoin)

Dai is the largest decentralized stablecoin on Ethereum, developed and managed by MakerDAO, and is the infrastructure of decentralized finance (DeFi).

Website: https://makerdao.com/zh-CN/

Blockchain browser: https://cn.etherscan.com/token/0x6b175474e89094c44da98b954eedeac495271d0f

Whitepaper: https://makerdao.com/whitepaper/DaiDec17WP.pdf

· About PAX(Paxos Standard)

Paxos is the first financial technology company to be directly regulated and operated under the supervision of the New York State Department of Financial Services (the New York State Department of Financial Services). In a specific market where digital assets are regulated, Paxos has a unique advantage in realizing the flow, exchange, custody and settlement of assets in a digital way.

Website: https://www.paxos.com/

Blockchain browser: https://cn.etherscan.com/token/0x8e870d67f660d95d5be530380d0ec0bd388289e1

· About BUSD(Binance USD)

BinanceUSD (BUSD) is a US dollar-guaranteed stable asset issued and managed by Paxos Trust Company and regulated by the New York State Department of Financial Services.

Website: https://www.paxos.com/busd

Blockchain browser: https://bscscan.com/token/0xe9e7cea3dedca5984780bafc599bd69add087d56

· About HUSD

HUSD is a compliant stablecoin issued by StableUniversal, which is anchored 1:1 with the U.S. dollar.

Website: https://www.stcoins.com/

Blockchain browser: https://cn.etherscan.com/token/0xdf574c24545e5ffecb9a659c229253d4111d87e1

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