News of the day: new Binance pairs; tZero patent

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Binance crypto-exchange opens trading with three new pairs with stablecoin; tZero has patented a solution for the integration of traditional and cryptocurrency trading systems.

On Binance a new pair

Binance, currently the largest crypto-exchange by daily trading volume, has announced the addition of new trading pairs that will allow exchange traders to trade stablecoin against each other. From Tuesday, January 8, the following pairs will be available to traders: PAX/TUSD, USDC/TUSD and USDC/PAX.

In November, the platform for trading digital assets has renamed its market in the United USDT market tablconv, giving it the symbol USDⓈ. The exchange explained that this was done to support more trading pairs with different stablecoin offered as the base pair. Later, Binance added Paxos (PAX) and Circle USD (USDC) tokens to new market pairs.

Last year, there were several stablecoins that are now competing with Tether (USDT). They include two tokens that were approved by the new York state Department of financial services in September-Gemini Dollar (GUSD) and Paxos (PAX), also backed by the us Fiat currency.

tZero will combine traditional trade system and the crypto currency exchange

The trading platform for tokens representing the securities of tZero, a subsidiary of Overstock, has received a patent for a platform that allows the integration of traditional trading systems and digital asset exchanges. Crypto platform Integration Platform, the company tZero designed to function as the interface between the two types of systems.

According to the application, the platform may accept initial public offerings (IPOs) and offers of securities registered with the U.S. securities and exchange Commission (SEC). It is also intended for trading these securities in secondary market transactions.

The "digital transactions" referred to in the patent are tokens, securities, digital assets, digital shares and their equivalents. Upon receipt of the order, the platform is expected to check availability and determine the best market price of the digital asset before making the transaction.

Online giant Overstock, the parent company of tZero, recently announced that it will cover part of its tax liabilities to the us state of Ohio using bitcoins. The new payment portal in Ohio, which was launched a couple of months ago, allows companies to pay their taxes with bitcoin (BTC) and bitcoin cash (BCH) via the Bitpay payment processor.

Link to the source of information (Russian) - https://altstake.io/news/novosti-dnya-novye-pary-binancepatenttzero