4 New Stablecoins on OKEx’s List-OKEx is surely a noticeable firm in the list of cryptocurrency exchanges around the world. The exchange which is based in Malta has now added four more stable coins pegged by the U.S. currency.
The firm said in a support notice that the additions were made on Monday and Tuesday of this week and that it will include TrustToken’s TrueUSD (TUSD), Circle’s USDCoin (USDC), the Gemini Dollar (GUSD) from the Winklevoss-founded New York exchange and Paxos Standard Token (PAX).
TrustToken was released in March, while the other three tokens were released in September by their respective companies.
The exchange is the fifth largest when accounting for Bitcoin and the third largest for the Tether stablecoin.
This move adds to the controversy around the Tether stablecoin which is the most-used stable coin currently on the market.
4 New Stablecoins on OKEx’s List-Trust in the token, used by merchants and tradespeople to rapidly move assets without the need to change over once again into U.S. dollars, has been blurring as of late due to the discernment that USDT designer Tether LLC and its sister firm, crypto trade exchange, Bitfinex, are not straightforward over the real measure of USD being kept to peg the stablecoin.
Tether has already been dropped by many exchanges and with the addition of these new stablecoins. The chances of it being dropped further are just going to hype up.
Tether fell to an 18-month low of $0.925284 at 07:00 UTC, according to CoinMarketCap data. At press time, USDT had returned to $0.962815.
OKEx said it will begin accepting deposits in the four new stablecoins from 17:00 nearby time today (09:00 UTC). With spot exchanging sets against Bitcoin and Tether to begin Tuesday at 14:00 HKT (06:00 UTC). Withdrawals in the recently recorded tokens will begin three hours after the fact.