OKEx beats Huobi to punch with stablecoins announcement

Huobi, the fifth largest crypto exchange by trading volume, is hard on the heels of OKEx with the listing of four USD-backed stablecoins

Crypto exchange Huobi has announced that, from 19th October, it will list four stablecoins: Paxos Standard (PAX), TrueUSD (TUSD), USDCoin (USDC) and Gemini Dollar (GUSD).

These are already available on Huobi Wallet, whilst plans for OTC trading of the stablecoins on Huobi OTC will be announced shortly.

Rival venture OKEx made a similar announcement on Monday.

Also on Monday, Paxos said that it had issued over $50 million worth of its aforementioned recently launched Ethereum-based stablecoin.

And that wasn’t the only Twitter update from the company…

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