Users of crypto exchange Bitfinex and its associated token-trading platform Ethfinex will now have a total of six stablecoin options for trading on either platform.
BitGo recently added the Gemini Dollar (GUSD) to its list of stablecoin offering citing huge demand from institutional players.
Stably is a venture capital-backed startup seeking to bring stability to the volatile cryptocurrency market through a secure, transparent medium of exchange. Having already raised around $500,000 in seed funding they kickstart the StableUSD project.
The leading stablecoin Tether is challenged by PAX which has seen growth lately and has a market capitalisation of $41.94 million.
Binance is actively looking to list more stablecoins in addition to the three it already supports and is currently evaluating almost all the stablecoins on the market.
Controversial stablecoin Tether is going through a rough phase losing nearly 20% of its valuation in a week’s time with the decrease in USDT circulation in the crypto market.
BitPay customers may now receive settlement in Gemini Dollar (GUSD) and USD Coin (USDC), USD-pegged cryptocurrency stablecoins, without relying on costly, time-consuming wire transfers.
Owing to growing concerns of Tether’s suspicious operations, cryptocurrency exchanges are considering to adopt other secure stablecoin offerings.
HitBTC is proud to announce that Gemini dollar (GUSD) is now available for trading on the most technologically advanced cryptocurrency exchange.
Based on the Ethereum network, the Carbon team plans to shift the stablecoin protocol on scalable algorithmic model Hedera Hashgraph, once it reaches sufficient liquidity.