Bitfinex and Ethfinex List All New Stablecoins (USDC, True USD, Paxos and Gemini USD)
Are you interested in having more options for using other stablecoins that are not Tether USD? Well, we got great news for you. Bitfinex and Ethfinex will start to offer the six major stablecoins in the market starting soon.
Before that, you could only use Tether, which was created in 2014 and dominated the stablecoin market up until some months ago, mostly because it was the only stablecoin that was really very good and worked well.
Nobody tried to imitate Tether until everybody did and now we have a large stablecoin market that is quickly expanding and becoming even bigger. Alternatives started to be launched from March 2018 onward and they established themselves as big players in the market.
The tokens will now offer six options for the customers. Besides the traditional Tether (USDT) and an Ethereum-collateralized token called DAI, which was not as famous as Tether, they will offer four new options now: USD Coin (USDC), which was created by Circle; True USD (TUSD), Paxos Standard Token (PAX) and Gemini USD (GUSD). All of them will be paired against USD.