OKEx beats Huobi to punch with stablecoins announcement

Crypto exchange Huobi has announced that, from 19^thOctober, 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…

Scott Thompson

Scott has been working in technology and business journalism for nearly 20 years, with a focus on FinTech, retail, payments and disruptive technology. He has been Editor of such titles as FStech, Retail Systems and IBS Journal and also contributed to the likes of Retail Technology Innovation Hub, PaymentEye, bobsguide, Essential Retail, Open Banking Hub, TechHQ and Internet of Business.