Home / Cryptocurrency Daily Price Analysis / Fifth Largest Crypto Exchange Huobi Lists Four USD-Backed Stablecoins, Following OKEx

Fifth Largest Crypto Exchange Huobi Lists Four USD-Backed Stablecoins, Following OKEx

Another primary crypto exchange Huobi has introduced the checklist of 4 stablecoins without delay, in step with an official statement Tuesday, October 16.

Starting Friday, Oct. 19, the fifth biggest crypto trade via buying and selling quantity will get started accepting deposits of 4 USD-backed stablecoins – Paxos Standard (PAX), TrueUSD (TUSD), USDCoin (USDC), and Gemini Dollar (GUSD).

The Huobi Global staff famous that the stablecoins are already to be had on Huobi Wallet, whilst the release time and different main points are set to be introduced at a later time.

Huobi additionally said that they are going to liberate detailed plans for over the counter (OTC) buying and selling of the stablecoins on Huobi OTC “soon.”

The transfer from Huobi follows intently at the heels of a nearly equivalent announcement concerning the checklist of the similar 4 stablecoins via the second best crypto trade via buying and selling quantity, OKEx, the day prior to this, Oct. 15. OKEx has already introduced deposits within the 4 stablecoins, with withdrawals to be had ranging from as of late.

Also on Oct. 15, blockchain consider corporate Paxos introduced it had issued about $50 million value of its stablecoin Paxos Standard Token. The Ethereum (ETH) blockchain-based stablecoin has gained regulatory approval from the New York State Department of Financial Services (NYDFS) on September 10, at the side of any other stablecoin Gemini Dollar that was once introduced via Winklevoss brothers.

Yesterday, U.S.-based cryptocurrency fee processor BitPay additionally launched stablecoin toughen, enabling traders to obtain settlements in Gemini Dollar and Circle USD Coin (USDC).

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