The largest crypto exchange in the world Binance announced today that it will support Binance VND (BVND), a BEP2 stablecoin pegged to the Vietnamese Dong (VND). BVND will be available for direct purchase and redemption at a rate of 1 BVND = 1 VND.
Binance will list Binance VND (BVND) and open trading for BUSD/BVND and USDT/BVND trading pairs at 2020/12/18 12:00 PM (UTC).
Binance’s meetup in Hanoi, Vietnam in December 2019.
In January, Binance has supported peer-to-peer (P2P) trading services for the Vietnamese dong (VND). with six digital currencies – Tether, Bitcoin, Ethereum, Binance Coin, Binance USD, and DAI – using the fiat.
Mentioning the development, Binance’s founder and CEO Changpeng Zhao said: “Binance is committed to providing our global users with more convenient fiat gateways and easy access to cryptocurrency, and our P2P service aims to lower the barriers to entry to the crypto world. We are pleased to introduce fiat-to-crypto P2P trading services to Vietnamese users to flexibly trade cryptocurrency at low costs.”
Vietnam is the largest market of Binance in ASEAN.
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