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Other StableCoins on a rise after USDT dump

After an enormous dump of USDT with many people calling it as a Scam, other stablecoins such as TUSD, USDC, GUSD etc. are on
After an enormous dump of USDT with many people calling it as a Scam, other stablecoins such as TUSD, USDC, GUSD etc. are on a rise.

After an enormous dump of USDT with many people calling it as a Scam, other stablecoins such as TUSD, USDC, GUSD etc. are on a rise.

Huobi Lists 4 new Stablecoins

Houbi, one of the largest cryptocurrency exchanges has recently announced in an official article that it is going to list four new stablecoins namely Paxos Standard (PAX), TrueUSD (TUSD), USDCoin (USDC) and Gemini Dollar (GUSD).

The deposits for all these stablecoins will start from 19th October 2018. However, the exact time for the commencement of trading with these pairs has not been announced yet.

Okex listing new Stablecoins

Two days back Okex Exchange also announced the listing of 4 new stablecoins amidst the dumping of USDT (Tether). Okex is going to list USDC (USDCoin), GUSD (Gemini Dollar), TUSD (TrueUSD), and PAX (Paxos Standard).

Bitpay Wallet to support two Stablecoins

Bitpay earlier announced that it will support the settlements in two stablecoins e.e. GUSD (Gemini Dollar) and USDC (USDCoin).

Paxos Standard Token (PAX)

The Paxos Standard Token is issued by the Paxos Trust Company which is regulated by the New York State Department of Financial Services. The token is purely collateralized and redeemable one-to-one with the USD (US Dollar).

TrueUSD

TrueUSD (TUSD) is another stablecoin which is backed by the US Dollar. The token is trusted by many banking partners in legally protected escrow accounts.

USDCoin

USDCoin or USDC is a stablecoin issued by Circle (The owner of Poloniex Exchange) which is powered by Centre’s open source framework. The token is regulated under the framework of U.S. Money Transmission Laws and banking auditors and partners.

Gemini Dollar

The Gemini Dollar has been issued by the Gemini Exchange which is operated by the famous Winklevoss Twins. It was the first stablecoin that was approved by the US Regulators. The token is transferable on the Ethereum Network.

Tether (USDT) dumped at a great extent on 15th of October and ever since the coin has been declining in value as well as in market capitalization falling as low as $0.85.

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