OKEx Now Supports Four New Stablecoins
On Monday, October 15, the third largest by trading volume bitcoin exchange OKEx announced the launching of four stablecoins: TrueUSD (TUSD), USD Coin (USDC), Gemini Dollar (GUSD) and Paxos Standard Token (PAX).
In the message of the exchange it is noted that starting from today users have the opportunity to make deposits in these assets, while the trades will start on Tuesday, October 16.
It is noteworthy that all these coins will be traded not only against bitcoin, but also against Tether USDT.
TrueUSD platform created TrustToken. According to the developers, the coin is tied to the US dollar exchange rate, it backs the coin, and bank accounts with the corresponding fiat reserves are regularly audited.
USD Coin was launched in September by Circle, which owns the Poloniex exchange. The token was developed with the help of the CENTRE consortium affiliated with the company and is intended to become a way of easy movement of tokenized dollars in public blockchains.
Earlier this month Gemini announced the launch of the pegged to the dollar stablecoin Gemini (GUSD) based on the standard ERC-20. Paxos Standard Token (PAX) was introduced by the blockchain startup of the same name from New York.