Fellow Binancians,
We will start BTC/USDT、ETH/USDT trading on Binance exchange at 12pm. Aug 17, 2017 (Thursday) Beijing Time. The deposit of USDT has opened.
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. So 1 USDT is always equivalent to 1 USD.
When the cryptocurrency price is decreasing in the market, you can always exchange your individual cryptocreency to USDT to avoid price risk.
Risk warning: cryptocurrency investment is subject to high market risk. Please make your investments cautiously. Binance will make best efforts to choose high quality coins, but will not be responsible volatility in bitcoin prices or for your investment losses.
Thank you for your support!
Binance Team
August 16, 2017