Huobi Lists 4 ‘Regulated’ Stablecoins Vying for Tether’s Throne

Crypto News | Latest News

Huobi set to list 4 new stable coins later this week on October 19. Gemini Dollar (GUSD), TrueUSD (TUSD), and USDCoin (USDC), and Paxos Standard (PAX) will be the new assets listed.

Huobi’s New StableCoin Selection

The newest digital asset to be launched on the Huobi platform is issued by Paxos Trust, labeled PAX . It’s regulated by the New York State Department of Financial Services. Investors will be able to trade the USD-endorsed and currently under the supervision of NYSDFS.

GUSD, who claims to be the first world regulated stablecoin was recently issued by the Winklevoss twins (owners of the Gemini exchange). This stable coin will also be regulated under the supervision of NYDFS and is backed by $1 in hard currency.

FREE CRYPTO COIN JUNKY HANDBOOK - 147 page guide covering Crypto Fundamentals, Beginners/Advanced Crypto Trading Strategies, Crypto Mining Techniques, ICO Investment strategies, and so much more.

CRYPTO TRADING STRATEGY GUIDES - Whether You're Day Trading, Swing Trading, Or Just Investing...Our Extensive Guides Will Get You To Where You Want To Be.

TUSD is another dollar backed stablecoin listed on the exchange and entrusted by multiple banking partners.

Lastly, Circles USDC token allows financial institutions to join their platform through open membership and offers financial solutions to those who seek to resolve current cryptocurrency market issues.

Tether Facing Some Real Competition

Huobi Global, the fourth largest crypto trading platform in the world, currently hosts Tether which is the most popular US dollar peg stable coin to date. Tethers fully backed by the currencies reserve although it was trading at .5% lower than its real value as of yesterday ($0.965). At one point it failed to $.93 during the day but is now trading at.

Tether Limited, the company behind stablecoin has been accused of not holding enough USD reserves to back the Tether tokens in circulation. The stablecoin recently lost their USD peg in a recent flurry of market activity amidst continued negative market sentiment. Although it still dominates a reported 98% of daily stablecoin trading volume, a series of new competitors entering the stablecoin arena over the next week, will certainly place pressure on the current reigning champ.

Earlier in the week, OKEx, another major cryptocurrency exchange, announced that they will also be listing the same four stablecoins (USDC, GUSD, TUSD, and PAX ) within their exchange.

THE COMPLETE IDIOTS GUIDE TO MARGIN TRADING ON BITMEX - Beginner Strategies for Generating Consistent Profits with Margin Trading on Bitmex

TOP 3 BITCOIN CASINO & SPORTSBETTING SITES OF 2018 - Looking to Have a Little Fun with Your Crypto? Check Out the Latest & Most Innovative Crypto Gaming & Sportsbetting Sites on the Web

Leave a Comment

Latest Crypto News

CNBC Analyst Predicts Bitcoin Price Is ‘About To Explode Due to ETF Buzz

Bitcoin Breakout ‘Only a Matter of Time’

Bolstered by stable trading volume, growing network activity, and increasing validation on Wall Street, the bitcoin price could be on the brink of a major move to the upside. eToro senior market analyst Mati Greenspan

Tether Found a New Bank, and it Might be in the Bahamas

Tether Found a New Bank, and it Might be in the Bahamas

Tether, the controversial issuer of the USDT cryptocurrency, may have found a new banking partner in the Bahamas. Tether May Have a New Bank As first reported by The Block’s Larry Cermak, Tether — whose USD-pegged cryptocurrency

Sign Up Below!
Airdroppin the Latest Crypto News, Trading Strategies, Tools, & Reviews



1
Bitcoin
Bitcoin
$6,519.62
0.50%
2
Ethereum
Ethereum
$207.20
0.83%
3
XRP
XRP
$0.4616
0.42%
4
Bitcoin Cash
Bitcoin Cash
$451.14
1.88%
7
Litecoin
Litecoin
$53.305
0.21%
9
Cardano
Cardano
$0.077024
0.68%
6
Stellar
Stellar
$0.2445
-0.76%
15
NEO
NEO
$16.760
0.73%
5
EOS
EOS
$5.462
1.04%
12
IOTA
IOTA
$0.5021
0.85%

Crypto Guides & Tutorials

 Crypto Reviews

Subscribe to Our Social Media Daily Crypto Memes
Follow, Like, and Share Our Memes With The World


Pin It on Pinterest

Plus Free Crypto Trading Guides, Tutorials, Latest Crypto News,
and Altcoin Reviews. (Coming Soon: Pro Trading Signals)
SIGNUP FOR YOUR FREE
CRYPTO COIN JUNKY
HANDBOOK
DOWNLOAD NOW
We hate spam as much as you do. Unsubscribe anytime.
Plus Free Crypto Trading Guides, Tutorials,
Latest Crypto News, and Altcoin Reviews
(Coming Soon: Pro Trading Signals)
DOWNLOAD NOW
We hate spam as much as you do. Unsubscribe anytime.
SIGNUP FOR YOUR FREE
CRYPTO COIN JUNKY
HANDBOOK
Plus Free Crypto Trading Guides, Tutorials, Latest Crypto News,
and Altcoin Reviews. (Coming Soon: Pro Trading Signals)
SIGNUP FOR YOUR FREE
CRYPTO COIN JUNKY
HANDBOOK
DOWNLOAD NOW
We hate spam as much as you do. Unsubscribe anytime.
Plus Free Crypto Trading Guides, Tutorials,
Latest Crypto News, and Altcoin Reviews
(Coming Soon: Pro Trading Signals)
DOWNLOAD NOW
We hate spam as much as you do. Unsubscribe anytime.
SIGNUP FOR YOUR FREE
CRYPTO COIN JUNKY
HANDBOOK