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.
Tokenization platform TrustToken has just raised $20 million in its ICO with the help of Andreessen Horowitz (a16z) and other venture corporations.
HybridBlock has collaborated with TrustToken for utilizing TrueUSD on its HybridExchange as a base pairing preventing traders from market volatility.
HybridBlock, a cryptocurrency trading and education platform, has announced a strategic partnership with TrustToken, the creators of fully compliant stablecoin TrueUSD (TUSD).