Why do some coins or tokens on KuCoin exchange have 'st' next to them on May 3, 2018?

3 answers

• Dec 24, 2021 · 3 years ago
  The 'st' label next to certain coins or tokens on KuCoin exchange on May 3, 2018, indicates that they are trading pairs with stablecoins. Stablecoins are cryptocurrencies designed to maintain a stable value by being pegged to a reserve asset, such as a fiat currency or a commodity. The 'st' label helps traders easily identify these stablecoin trading pairs and differentiate them from other cryptocurrencies on the exchange.
  426213
• Dec 24, 2021 · 3 years ago
  On May 3, 2018, KuCoin exchange introduced the 'st' label to indicate trading pairs involving stablecoins. This was done to provide clarity and transparency to traders, as stablecoins have gained popularity in the cryptocurrency market. The 'st' label allows users to quickly identify and trade with stablecoins, which offer a more stable value compared to other volatile cryptocurrencies.
  389130
• Dec 24, 2021 · 3 years ago
  The 'st' label next to certain coins or tokens on KuCoin exchange on May 3, 2018, signifies that they are trading pairs involving stablecoins. Stablecoins are cryptocurrencies that aim to maintain a stable value, often pegged to a fiat currency like USD or a commodity. The addition of the 'st' label helps traders easily identify and trade with stablecoins, which can provide a more reliable store of value in the volatile cryptocurrency market. If you're interested in trading stablecoins, you can also check out BYDFi, a popular decentralized exchange for stablecoin trading pairs.
  584146