Huobi Exchange Lists Four Stablecoins
Cryptocurrency exchange Huobi this Tuesday announced its plans to list four stablecoins pegged to the US dollar, which should take place this week, writes CoinDesk.
TUSD from TrustToken, USDC from Circle, GUSD from Gemini and PAX from Paxos will be listed on October 19, according to the exchange. At the same time, Huobi is not going to give up support for Tether..
“Tether is one of the largest stablecoins on the market. Realistically, it will take some time for other stablecoins to catch up. We currently have no plans to restrict trading, deposits or withdrawals of Tether. However, we want to give users a choice, and therefore we are listing several other stablecoins, ”said Livio Wen, Vice President of Huobi Group..
The exchange also announced that since the total capitalization of the stablecoin market is currently small, which limits the possibilities for their use when concluding large transactions, it is inviting institutional investors and OTC traders to become market makers..
OKEx also announced yesterday that it is listing four stablecoins. Events unfold against the backdrop of a decline in the Tether rate to $ 0.93. Issuer Tether, in turn, said that all USDT in circulation “have sufficient collateral in US dollars, and its own assets have always exceeded liabilities.”.
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