Buenbit adds more Stablecoins due to the Growing Popularity 

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Key Takeaways:

  • Buenbit has added five more cryptocurrencies to its platform.
  • The platform has taken its step to further develop in the crypto world. 

The market for cryptocurrencies is on the surge. Seeing this growth, the crypto exchange Buenbit has introduced four new stablecoins in its platform. The news coins are similar to the U.S. dollar. 

The new cryptocurrencies added are Tether (USDT), Circle (USDC), Binance USD (BUSD), TerraUSD (UST). The Buenos Aires exchange platform now has a total of 12 digital currencies. It has recently raised investment worth $11 million in a Series A round that was led by Libertus Capital, a London-based company. 

Earlier this month, the exchange company added five cryptocurrencies, including DAI, Bitcoin and Ethereum, DOT (Polkadot), SOL (Solana), MATIC (Polygon), BNB (Binance Coin), ADA (Cardano). 

In an interview with the Block, Buenbit said, “We start from the premise that a stablecoin like DAI, having parity with the dollar, would serve as a natural gateway to the crypto world, since historically Argentines have used the dollar as a form of savings and as a way to protect themselves from economic factors such as inflation and devaluation. Today, we can say that we weren’t wrong.”

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Shreya Bhattacharya
Shreya Bhattacharya

A journalist & writer exploring new topics every day!

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