Kirill Bezverhi, professional marketer, blockchain and crypto enthusiast, shares exclusive comments from representatives of 10 leading stablecoin projects, taking a look into market trends we will most likely see in 2019.
AutoSweep developed by TrustToken will let exchanges create unique TUSD deposit addresses to be automatically settled into a primary wallet.
The second-largest cryptocurrency exchange, OKEx has created a Bitcoin derivative product called “perpetual swap”. However, there’s no expiry date. The lack of expiry data allows positions to be held on an ongoing basis.
Finally, crypto market starts showing at least some signs of recovery: Tether (USDT) manages to enter the top-five cryptos by market cap (for the short period of time though) while EOS gains considerable 25%.
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.
Owing to growing concerns of Tether’s suspicious operations, cryptocurrency exchanges are considering to adopt other secure stablecoin offerings.
Digifinex has announced important changes in the list of the coins available on the platform: TrueUSD (TUSD) will now replace Tether (USDT).
Stablecoins are the goal of achieving genuinely price-stable cryptocurrencies that can effectively function as a medium of exchange, store of value, and fungible unit of account.
A new project for a stabilized cryptocurrency Reserve that would function “like normal money” is backed by such prominent investors as Peter Thiel, Coinbase, and others.