BNB/USDT trading pairs now available on Binance DEX

Binance's dominance of USDT (Tether) trading could be impacting the volatility of Binance USD (BUSD), another stablecoin.

Stablecoins like BUSD and USDT are designed to maintain a stable value and are typically pegged to a fiat currency, such as the US dollar. However, the stability of these coins can be impacted by a number of factors, including market demand and supply.

If a particular exchange dominates the trading volume of a stablecoin, it can lead to greater volatility for the coin. This is because a large portion of the supply and demand for the coin is concentrated on that exchange. Any sudden changes in trading activity or market sentiment on that exchange can then have a larger impact on the price of the stablecoin.

Binance is one of the largest and most popular cryptocurrency exchanges, and it is known for its high trading volumes and low fees. As such, it is possible that Binance's dominance of USDT trading could be impacting the stability and volatility of BUSD.

However, it is important to note that stablecoins are still a relatively new and evolving technology, and their stability and performance can be influenced by a wide range of factors. It is important to carefully evaluate the risks and benefits of any cryptocurrency or investment before making a decision.