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.
We're excited to announce the 4 new listings of OKEx. Deposit opens today, trading & withdrawal available tomorrow (Oct 16, HKT).https://t.co/vGg3hCE0uO#stablecoin @TrustToken @circlepay @GeminiTrust @PaxosGlobal pic.twitter.com/3pkIfE5PCB
— OKEx (@OKEx_) October 15, 2018
Also on Monday, Paxos said that it had issued over $50 million worth of its aforementioned recently launched Ethereum-based stablecoin.
We *just* announced 2 hrs ago that @PaxosGlobal had issued $36M a month after launch. And now… we are over $50M already. Demand for $PAX is accelerating faster than I can tweet up with. https://t.co/DfOwjFlk4i
— Dorothy Jean Chang (@dj) October 16, 2018
And that wasn’t the only Twitter update from the company…
Excited to share that just one month since launch, the Paxos Standard token (PAX) has achieved the fastest, widest institutional adoption of any digital asset. #PAX is now supported on over 20 top global exchanges and OTC desks. Read more about it here! https://t.co/Q5vNty912k
— Paxos Standard (PAX) (@PaxosStandard) October 15, 2018